Goldman, Wells Fargo & JPMorgan Leading Banks Ramping Up Cryptocurrency Hires

These financial firms are also “willing to pay a lot,” as much as 50% compensation because “the banks can’t risk their customers going to another bank to do these services.”

Some of the biggest banks and financial firms have added about 1,000 crypto-related roles since the bear market of 2018, according to data collected by Revelio Labs from LinkedIn.

Those hiring the most of these crypto roles include the giants JPMorgan Chase, Wells Fargo, and Goldman Sachs. Other banks hiring people with experience in crypto include Morgan Stanley and Citigroup.

Interestingly, JPMorgan CEO Jamie Dimon is the one who keeps on reiterating his bearish view on Bitcoin, calling it “worthless” just last month, keeping a strong grip on his skepticism since 2017 when he called it fraud. BTC -1.22% Bitcoin / USD BTCUSD $ 29,404.69
Volume 38.92 b Change -$358.74 Open $29,404.69 Circulating 19.05 m Market Cap 560.16 b
4 mon SEC Commissioner says NFTs Might Fall Within Their Jurisdiction, Gensler Hires Senate Aid for Crypto Policy 4 mon A Possible Crypto Recovery Moving Into New Year, Risk-on Sentiments Send The Stock Market to Another Record High 4 mon Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum


These banks and financial firms are also paying a hefty 50% compensation for a comparable position at the same institution to attract talent. Given that the crypto market offers extremely lucrative offers financially, this makes sense.

“The banks can’t risk their customers going to another bank to do these services, so they have to build up,” said Alan Johnson, general manager of Wall Street compensation consultancy Johnson Associates.

“This is a great asset, a great opportunity, and they need people, and they are in a hurry. They are willing to pay a lot.”

While companies are increasingly looking for crypto expertise, employees who have added a new crypto-related position to their LinkedIn profiles have surged this year. Already, the numbers through September this year have surpassed last year’s number and tripled since 2015.

Bank of America, which launched its crypto research team in the summer of 2021, is also looking to expand as more and more customers want to know how to invest in crypto assets, said Alkesh Shah, who runs the group, in an interview.

“The industry and technology became too big to ignore.” “There will be significant value creation in this ecosystem, and we want to make sure customers understand how the value creation happens.”

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide