Blockchain industry distribution survey: 42% of practitioners are exchange employees

The block, a cryptocurrency research firm, recently analyzed 158 companies focused on blockchain and cryptocurrency. It turns out that at least 50 companies in the blockchain industry employ more than 100 people. The largest number of employees is the mining machine manufacturer Bit China, reaching 1,500 people. Fire coins, Coinbase and OKEx are ranked 2-4, and the number of employees is about 1,300, 1,000 and 950 respectively.

In TOP 50, Babbitt roughly estimated that there are about 19 encrypted exchanges, occupying the most seats in each segment of the industry. In TOP10, the exchange occupies 6 seats, and the cryptocurrency project party occupies 2 seats. This also reflects the proportion of exchange practitioners in the industry.

1_yf5aIfL5PoFMzUZ_vQGWNA Source: The Block

So, how many people are the employees of the exchange? In The Block's statistics, more than 42% of the industry's practitioners work for cryptocurrency exchanges, 10.7% are employees of mining equipment manufacturers, and 10.3% are cryptocurrency project parties.

EHlR6HfW4AETvhP Source: The Block

On October 21, Hurun Research Institute released the first "2019 Hurun Global Unicorn List" (Hurun Global Unicorn List 2019). The list shows that the number of unicorns in the blockchain industry is 11, which are Bit China (valued at 80 billion yuan), Coinbase (valued at 55 billion yuan), Ripple (valued at 35 billion yuan), Jia Nan Zhi Zhi (valued at 20 billion yuan), Circle Internet Financial (valued at 20 billion yuan), Binance (valued at 15 billion yuan), Block.One (valued at 15 billion yuan), Dfinity (estimated The value is 15 billion yuan), Yibang International (valued at 10 billion yuan), BitFury (valued at 7 billion yuan), and Liquid Global (valued at 7 billion yuan). Of the 11 unicorn companies, 4 involved cryptocurrency transactions and 4 were miners.

In fact, in the entire blockchain industry, the “mineral circle” and the “coin circle” are separated to some extent, but the mining machine manufacturers and exchanges are undoubtedly the strongest in the two circles, and naturally attract The inflow of talent. However, the number of miners is less than the exchange, and there are only 296 clear trade statistics on CoinMarketCap. Compared to the high-tech entry barriers produced by mining machines, the exchange is much simpler. Buying a mature system, coupled with good operations and eye-catching marketing, an exchange can be put on the market.

On the other hand, the current exchanges are not limited to the trading business itself, and continue to expand more new businesses. Now the head exchanges, such as the fire currency, OKEx, etc., are step by step to reach out to the entire industry ecology, develop their own public chain and DEX, operate their own mining pool, set up their own investment department, carry out asset management and wealth management business. Wait. Business diversification has also become an important reason for the inflow of practitioners.

The current public chain is still struggling to find a way to break. Standing at the tip of the pyramid of the entire "coin circle", the exchange may be the most ideal choice for many practitioners.

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