Crypto Now Employs More Americans Than Coffee or Tobacco Manufacturing Industries

  • Crypto directly supports 34,000 US jobs and adds $55 billion to the economy in 2026.
  • The average crypto job pays $133,000, double the US median wage.
  • Each crypto role supports 6 others, totaling 232,000 US jobs.
Promo

The crypto industry directly supports 34,000 jobs and contributes $55 billion to the US economy in 2026.

The findings come from a new report by the National Cryptocurrency Association (NCA), which commissioned the study from the Pragmatic Policy Group (PPG). 

Sponsored
Sponsored

How Crypto Jobs Stack Up

To put that headcount in context, the report measured it against familiar industries. Crypto’s 34,000 direct workers now outnumber coffee and tea manufacturing, which supports 28,400.

Follow us on X to get the latest news as it happens

Crypto Employment Footprint
Crypto Employment Footprint. Source: National Cryptocurrency Association Report

The gap widens against other benchmarks. Crypto tops both cement manufacturing at 15,300 and tobacco manufacturing at 10,600.

The report also puts the average crypto-related job at $133,000 a year, more than double the national median of $64,000.

It ranks that average above other high-paying fields, listing information and technology at $104,000 and manufacturing at $76,000. In addition, of the $55 billion total economic contribution, roughly $31 billion is worker income.

Sponsored
Sponsored

The Wider Economic Footprint

The report also estimates indirect effects. It finds that each direct crypto job supports 6 more across the economy. That brings total supported employment to 232,000 jobs in 2026.

The total figure accounts for direct, indirect, and induced jobs, not just crypto company payrolls. Supplier industries account for 75,000 roles, while worker spending adds another 123,000.

The distribution is uneven. California, New York, and Texas hold 60% of US crypto jobs, followed by Washington and North Carolina. Heartland states account for more than 17,000 positions.

Jobs Supported by the Crypto Industry in Each State
Jobs Supported by the Crypto Industry in Each State. Source: National Cryptocurrency Association Report

Overall, crypto’s economic weight now extends well beyond trading, reaching into wages, supplier industries, and household spending across the country.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights


To read the latest cryptocurrency market analysis from BeInCrypto, click here.

Disclaimer

BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Sponsored
Sponsored