Major Wall Street players are adding talent to support their growing cryptocurrency operations.
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Charles Schwab, Fidelity and other traditional companies based in the United States are hiring for senior crypto positions to seemingly make a push into the industry. The open positions come as regulatory clarity has increased, paving the way for TradFi to enter the space.
The open positions indicate a solid push into the crypto space. Schwab, for instance, is for a senior product manager in crypto trading and a senior product manager in crypto onchain experiences. As Cointelegraph has reported, the $10 trillion asset manager Bitcoin () and Ether () spot trading, with .
Fidelity, which has $6.4 trillion in assets, is for a crypto technology risk analyst. Technology company Booz Allen Hamilton is a cryptocurrency subject matter expert, and Standard and Poor’s Global is a senior analyst for global research and development in crypto and decentralized finance.
The hiring surge comes as the Trump administration pushes for better regulatory clarity surrounding digital assets. On July 18, US President Donald Trump into law, which regulates stablecoins and their issuers. The clarity surrounding stablecoins has led traditional finance institutions like and to explore financial products tied to digital assets.
The US Senate is when it returns from recess in September. The bill is expected to deliver further regulatory clarity and support crypto integration with traditional players.
Related:
to a report from crypto job site Web3.career, positions in crypto are evolving, mirroring the change in the industry as it matures.
Geographical salary arbitrage is still present, with crypto jobs in emerging markets generally outpacing the salaries of jobs in other industries.
Remote-first companies are becoming increasingly rare, as companies prefer a hybrid work approach, allowing quicker dissemination of knowledge. Artificial intelligence has gone from a nice skill to have to mandatory.
Entry-level jobs are slimming down as well. Crypto companies prefer to hire for senior roles, mirroring the approach of traditional companies.
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