India’s rapidly growing crypto industry sees 10,000 vacancies

August 31, 2021

There are more than 10,000 active job openings currently in India’s crypto sector, according to data procured from specialist staffing firm Xpheno. Mumbai, Bengaluru and Gurgaon are the hotspots for such jobs, accounting collectively for 60% of the openings, according to Times of India.

The crucial skills needed in the crypto space are blockchain specialists, machine learning specialists, security engineers, RippleX developers, and front and back-end developers. RippleX is a global payment platform that enables developers and users to send and receive payments across any currency and network.

The cascading crypto job market along with investments in digital assets has been catching the attention of larger companies like Amazon and Apple. In India, crypto is gaining momentum as millions of people are investing in crypto through the local exchanges which are doing well.

This is currently a booming sector for job aspirants with a good sum of remuneration. A front-end developer with experience between 2-5 years can earn as high as Rs 30 lakh per annum, while engineers with 8 years of experience earn about Rs 50 lakh per annum. The highest demand is for blockchain specialists, whose numbers are limited and so command a higher pay package. Those with 12 years of experience could earn about Rs 75 lakhs.

Hiring is mainly taking place in banking and financial services firms, digital wallets and payment gateway companies, the MNC captive centers, and the traditional software services companies. The US-based crypto exchange, which is opening an office in Hyderabad is also actively hiring for IT services and customer support operations. Currently, it has 32 vacant roles in India.

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