Blockchain Application developers, community managers, Asset managers, blockchain developers, and technical product managers, among others, are some of the many roles which could see a rise in hiring, Malhotra explained. Malhotra believes the crypto sector will attract a lot of talent from other sectors as well as it is very attractive in terms of growth and culture. He added, "A lot of job seekers from various domains who are looking for jobs will find a lot of interesting opportunities in the cryptocurrency space.
In Malhotra's opinion, the increase in the usage of cryptocurrencies has the potential to benefit the Indian technological industry in terms of employment. It will also show that the interest factor of working professionals in this space is high. Furthermore, jobs are being created for marketers, accountants, public policy specialists, and traders.
Finally, Malhotra concluded, "The usage of decentralized protocols and dapps such as smart contracts has the capability to help with the employment of industries such as banking and finance, real estate, and government authorities, among others.
That said, my prediction is that there will be minimal impact felt by the overall talent pool. This stems from the fact that, while crypto as an industry is at a nascent stage, the growth rate is still very high. Amidst uncertainty, there are even greater opportunities for innovation. India is a top market for global companies in terms of skilled employees, Taki co-founder said. Lastly, Arsiwala added, the Indian crypto-tech industry is expected to grow multiple times, which also reflects the forecasts that the industry will generate close to a million job opportunities.
Owing to the fact that the cryptocurrency market was almost immune to the Coronavirus, this became one of those assets that people trusted, especially in India. The cryptocurrency market in India grew from 6 million users in March , to 17 million users in March and a staggering figure of almost 90 million users as of March This means that there were almost 90 million users who used a cryptocurrency exchange or trading platform in the month of March alone.
This number could be higher if you take into account the users who access foreign cryptocurrency trading platforms over VPN. Users spent over 1.
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