More than 85% of employees in the crypto space work for companies focused on three major service areas: exchanges, development, and mining. The largest employer is Asia-based exchange Huobi Global.
Huobi is followed by two other exchanges, OKEx and Coinbase, in terms of the number of workers employed. Nearly 46% of employers with more than 100 employees are digital asset exchanges. Development firms account for roughly 29% of employers in that category.
Cryptocurrency exchanges can also be regarded as the bedrock of the crypto community because the make everything go round. Without exchanges, what will trading crypto look like?
In Africa however, there are no many local exchanges around making crypto traders in Africa to trade via foreign exchanges.