Upbit Boom Leads to Massive Wage Surge for Employees

• As per a piece of information, the Upbit crypto exchange employees enjoyed a massive wage surge in Q1, 2024. 
• Blockchain Developer is the highest-paid job profile in the cryptocurrency market. 
• The average salary of a Blockchain Engineer in the United States is $116,000 to $205,000 annually. 

The expansion of blockchain technology has created thousands of job opportunities, and people working for crypto earn more than those working for traditional finance, as per claims. 

Following the spike in popularity of cryptocurrencies in South Korea, people working for the space are making more than the employees of traditional banks. 

According to recent data, the Upbit crypto exchange employees enjoyed a massive wage surge after the firm’s outstanding financial performance in Q1, 2024. 

Market watchers claim that South Korea, Upbit’s subsidiary, booked massive profits aimed at struggling markets and growing trading volumes.

A regional media outlet quoted, “Upbit’s employees saw their average annual salary soar to around $99,000 in the first half of 2024. This represents a more than double increase compared to the same period last year.” 

“The company’s performance-based bonuses were the primary driver of this significant rise. By offering these bonuses, Upbit has further solidified its position as a leading player in the domestic crypto industry,” it adds. 

The surged salary is broadly linked with the significant events in the market, including the approval of Bitcoin spot ETFs in the first quarter of 2024.

Top Paid Jobs in the Cryptocurrency Market

The digital asset market thrives thanks to enthusiasts and professionals’ collective efforts. Every company operating in the crypto space employs a diverse range of talent, spanning both technical and non-technical roles.

Some leading jobs in crypto include Blockchain Developer, Blockchain Engineer, Blockchain Legal Expert, Blockchain UI/UX Developer, Blockchain Product Manager, Data Analyst & Writer, and others.  

This inclusive ecosystem relies on the contributions of individuals from various backgrounds working together to drive innovation and growth in the industry.

Some leading jobs in crypto include Blockchain Developer, Blockchain Engineer, Blockchain Legal Expert, Blockchain UI/UX Developer, Blockchain Product Manager, Data Analyst & Writer including others.  

Blockchain Developer is the highest-paid job profile in the cryptocurrency market, which requires specialized knowledge and skills. Entry-level blockchain engineer positions start at $125,000 annually, while most experienced workers make up to $181,000 annually.

Blockchain Engineer develops & implements enterprise blockchain networks, designing and managing blockchain-based systems for clients across various industries.   

The average salary of a Blockchain Engineer in the United States is $116,000 to $205,000 annually. 

Blockchain Legal Expert is the third most-paid job in the broader market, with an average salary of $150,000 annually. The spike in legal experts’ salaries is majorly backed by back-to-back lawsuits from regulators against digital assets issuers. 

Crypto Market Price Glimpse 

The cryptocurrency market capitalization has fallen to $2.08 trillion at press time, representing a more than 14% loss over the past seven days. For the past few weeks, the cap has constantly trading below 20, 50, 100, and 200 days EMA (exponential moving average). 

Bitcoin prices are tumbling below the mark of $60k, falling over 12% in the past 30 days. As of writing, BTC is trading at $58,478 with the addition of 38.50% YTD (year to date).