East Coast is fast becoming the place for crypto startups
According to the latest LinkedIn data, Miami and Washington DC are among the top 5 US locations with the highest number of potential candidates per role in crypto. Talent on the East Coast is huge – and crypto entrepreneurs are starting to take note.
New York City already tops the chart. It’s home to the most well-funded cryptocurrency startups in the US and ranked the world’s best city for a career in crypto.
So what does this mean for Silicon Valley? Does it signal a full shift to the East? Well, not quite yet. But the FAANG giants of the West Coast have definitely noticed. That’s why we’ve seen them investing heavily in New York real estate over the past few years; they’ve spotted the signs of an East Coast boom and they do not want to miss out.
Top 5 US cities for hiring crypto talent
(LinkedIn, November 2022)
1) New York City
when Mayor Eric Adams committed to making NYC “the center of the cryptocurrency industry” (even converting his first mayoral paycheck into cryptocurrency), he wasn’t kidding.
2) Los Angeles
Singapore-based Crypto-com paid a whopping $700m to rename LA’s famous Staples Center the Crypto.com Arena, signalling to the world world that LA is a crypto hub to watch.
3) San Francisco
no surprises here. But the home of Silicon Valley is starting to slip down the list as we see huge investment elsewhere.
home to the US headquarters of Bitcoin, Miami will host the world’s largest gathering of bitcoiners at the Bitcoin 2023 conference in May next year.
5) Washington DC
arguably one of the most important cities for crypto. The nation’s capital has seen crypto businesses and government come together to shape regulation, tax proposals and compliance.