Crypto’s US Workforce Is Tiny, But Industry Punches Above Its Weight: Report

Crypto Employment

34,000

Number of people currently employed by crypto companies in the U.S.

Projected Economic Contribution

$55 billion

Expected contribution of the crypto industry to the U.S. economy by 2026.

Total Supported Jobs

232,000

Total number of jobs supported by the crypto industry when including indirect and induced employment.

§ 01 Executive Snapshot

What: A new report analyzes the economic impact of the crypto industry in the U.S.
Who: National Cryptocurrency Association and Pragmatic Policy Group.
Why it matters: Despite employing only 34,000 individuals, the crypto sector is projected to contribute significantly to the U.S. economy, illustrating its outsized influence relative to its workforce size.

The crypto industry currently employs 34,000 people in the U.S.
It is expected to contribute $55 billion to the U.S. economy by 2026.
Average annual pay in the crypto sector is $133,000, significantly higher than the national median wage of $64,000.
The industry supports a total of 232,000 jobs when including indirect and induced employment.
California, New York, and Texas account for 60% of all crypto jobs, with respective job counts of 57,600, 53,800, and 26,500.

The report is the first comprehensive analysis of the crypto industry's labor market impact, using data from the Bureau of Economic Analysis and Bureau of Labor Statistics.
It highlights the industry's ability to create jobs beyond the tech sector, positioning it as a significant economic contributor compared to traditional manufacturing sectors.

The high average salary in the crypto industry suggests potential talent attraction away from traditional sectors, impacting labor market dynamics.
The geographic concentration of jobs indicates a need for policy responses to support crypto growth in underrepresented regions.

The analysis is limited by the lack of a dedicated workforce profile for crypto, relying instead on broader tech industry metrics.
The concentration of jobs in a few states poses risks to the industry's overall resilience and growth potential in less represented areas.

Monitor economic contributions of the crypto industry as projections for 2026 approach to assess job growth trends.
Future studies may reveal more granular insights into the crypto workforce as the industry matures and data collection improves.

§ 07

What is the current employment size of the crypto industry in the U.S.?

The crypto industry currently employs 34,000 people in the U.S.

How much is the crypto sector expected to contribute to the U.S. economy by 2026?

It is expected to contribute $55 billion to the U.S. economy by 2026.

Why is the average salary in the crypto industry significant?

The average annual pay in the crypto sector is $133,000, which is significantly higher than the national median wage of $64,000.

Who conducted the comprehensive analysis of the crypto industry's labor market impact?

The analysis was conducted by the National Cryptocurrency Association and Pragmatic Policy Group.