Acute shortage of crypto experts leads to hike in remuneration in India’s blockchain industry

NEW DELHI: The number of active job openings in India’s blockchain industry has increased by 50 per cent since last year with 12,000 vacancies, according to Xpheno’s report, an Indian specialist talent solutions company.

The annual salary in the crypto industry has shot up to Rs 80 lakhs for crypto experts with 8 to 10 years of experience, according to the Xpheno report.

Kamal Karanth, the co-founder of Xpheno said that the mainstream visibility and talent-related progress of the crypto industry is still in its nascent stages, despite the industry being 12 years old.

The reason for such a sharp hike in remuneration is attributed to the shortage of a crypto talent base in India and abroad.