Cryptocurrency Firms Pull Back on Entry-Level Hiring

Cryptocurrency Firms Cut Back on Entry-Level Hiring, Dragonfly Capital Finds

Written by Aaron S.,

Editor-In-Chief

Last Updated: October 10, 2025

Key Takeaways

Fewer than 10% of crypto jobs in 2025 are entry-level, with most openings targeting senior professionals, especially in engineering roles;
Hiring slowed in early 2025 as companies reacted to market shifts and past project failures, which cut staff and reduced beginner roles;
Newcomers were hit hardest and faced pay cuts and fewer token rewards, with only partial compensation through increased equity offers.

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Dragonfly Capital has shared new findings that show entry-level opportunities in the cryptocurrency industry are limited in 2025.

Based on a study involving 85 companies and over 3,000 employee and candidate records collected in 2024 and 2025, the firm found that fewer than 10% of available roles are designed for people new to the field.

Instead, the largest group of openings, around 37%, is aimed at senior professionals. Most hiring continues to focus on technical roles, with engineering making up about two-thirds of all positions across the companies surveyed.

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The report suggests that the lack of junior roles may be linked to recent struggles in the industry, including several project failures.

In response, many companies have become more cautious in their hiring. Even with a stronger market outlook and a more favorable US political environment, hiring has slowed down.

Job numbers grew in January 2025, but after a shift in trade policy in February, companies made large staff cuts in March. The result was a drop in total hiring during the first half of the year.

Those just starting their careers were most affected. Many entry-level workers received lower pay and fewer token rewards. While some companies offered more equity to make up for it, overall compensation still declined for these roles.

Meanwhile, a recent poll shared by the Digital Chamber suggested that cryptocurrency policy could influence how Americans vote in the 2026 midterm elections. How? Read the full story.