CoinBase And Ripple Suffer Huge Drop In LinkedIn Rankings

Olowo by Olowo - 11:53 AM Sep 10, 2019

LinkedIn is one of the most important social networks in the world, with its main objective to connect employers with potential employees that meet the characteristics that their companies are looking for.

With its more than 645 million registered users on its platform, LinkedIn is the largest professional social network in the world. Therefore, the rankings prepared by the company are taken into account by companies and professionals around the globe.

And within these rankings, of  the “50 most attractive American companies to work for”, The aspect of the Top Startups, occupies a special place because of what it says about the work culture of a company.

Blockchain Companies Dominate LinkedIn Rankings

It is also the rankings in which the Blockchain technology development companies were have excelled so far. However, this has changed after the release of its latest edition of rankings on September 4. There was a noticeable drop in places within the crypto industry.

Coinbase and Ripple were the biggest surprises dropping within the rankings. Coinbase moved from third company last year to number 29. Ripple moved from seventh to 28. This situation also extended to other companies within this sector. For example Gemini Trust company owned by the Winklevoss brothers did not make the list this year.

However, this situation did not affect fintech companies such as Plaid which is dedicated to the application of financial solutions maintained 49th place.  According to LinkedIn the ranking was collated from a list of actions carried out by users of these platforms all through the year.

Four major factors were taking into account, growth in the number of employees; interest in working in the company by job seekers; "engagement" between the company and its employees; and how these companies found talent among the companies ranked in the top the previous year.

Blockchain technology has proven to be a good sector that has provided jobs mainly for developers. It remains to be seen how it will develop as it continues to be adopted by mainstream institutions.


About The Author

OlowoI am olowoporoku adeniyi, writer, editor and crypto evangelist, with five years experience in the Blockchain industry.