Crypto Jobs are the Future of Tech and Fintech Industries

Crypto companies are offering new opportunities and positions for top talent

Crypto jobs

Crypto jobs

As the demand for cryptocurrencies is increasing day by day, many flourishing crypto companies are thriving to find the right candidates to fill hundreds of positions to fill in crypto jobs. Though there was a sharp decline of the cryptocurrencies in the market, the total value remained to grow gradually by 400% since a year to about US $1.4 trillion. 

Major financial firms such as Bank of New York Mellon Corp, Goldman Sachs Group Inc, DBS Group Holdings Ltd are planning to offer services and trading. For now, the likes of CME Group Inc are expanding crypto derivatives offerings that can help the asset class to become fully-fledged. In turn that’s leaving very few candidates to attend to crypto jobs and demands. 

According to the LinkedIn recruitment portal, Binance, which is the world’s largest crypto exchange firm, is advertising for 370 positions to be filled globally. Gemini, which is a New York-based company, is also planning to increase its Singapore employees from 30 to 50 by this December. While Crypto.com, which is Hong Kong-based, has listed more than 200 openings of crypto jobs which are nearly half based in Asia. 

The Chief Executive Officer of Binance, Zhao Changpeng by email, said, “We are hiring aggressively. We see the industry growing exponentially on a year-to-year basis, and we need to scale our team to cope with it. We are a geo-equal-opportunity employer. We don’t mind where people are, as long as they produce results”.

 

Crypto jobs and Tech

According to Neil Dundon, founder of the recruitment agency Crypto Recruit, Crypto jobs have been rising by about five to 10times since the past nine months. He said, “A single job posting can attract hundreds of applicants”. 

Even though the demand for tech and fintech companies is increasing day by day, finding people with relevant experience is being difficult for the companies. And so the companies are lowering their expectations and sometimes changing the job criteria as well. 

Dundon added saying, ”In terms of length of experience, one or two years is good enough these days. But the skills shortage is so bad at the moment that companies are casting a wider net”.

Gemini’s Asia-Pacific chief, Jeremy Ng, and director of talent acquisition of Crypto.com, Tom Lau have agreed that the major challenge concerning the experience. 

Jeremy Ng said, “If you want to find someone with strong crypto knowledge, that wouldn’t be easy to come by”. As Gemini is planning to expand its market into Hong Kong and Australia over the next 12 months, it is offering benefits such as unlimited vacation and profit-sharing programs to attract talent globally, Ng added.

 

Banks and Fintech

Citigroup Inc, has become the latest Wall Street massive global investment bank as part of a new digital assets group said that it will help its richest clients to bet on crypto assets. The move comes after its rivals like Goldman Sachs and Morgan Stanley have recently invested in blockchain-related companies. 

Both Ng and Zhao are looking for candidates with expertise in banking and fintech, as such a dual skill can open doors for new positions. 

Developers and customer support are the two larger teams in our organization that also have the highest demand from a recruiting perspective. Luckily, these are the same skill sets used by large internet companies too. We see a lot of interest from people in internet companies and other crypto projects, says Zhao.

 

Crypto jobs and Remote opportunities 

The Co-founder and Chief operations officer of crypto-data firm CoinGecko.com, Bobby Ong, recently said on Twitter that it’s getting increasingly hard to find the right people in Malaysia. And so the firm has made internal adjustments and is now offering some roles that can be fully remote anywhere across the globe. This to favor crypto remote jobs as well. 

Lau, who still claims that its pay packages are better than those at banks, doesn’t expect the crypto hiring boom to die down any time soon. He also said, “We are competing with companies like investment banks or major technology companies, so we have to pay on par or a premium”. This is going to make the market even hotter, he added. 

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