Business

An Army of Wall-Street-Made Crypto Experts

Both Wall Street and crypto companies themselves are competing for cryptocurrency talent

Nov. 2nd, 2021
An Army of Wall-Street-Made Crypto Experts

Yesterday, Revelio Labs analyses were featured in Bloomberg’s article on crypto talent trends within Wall Street. Headcounts of cryptocurrency experts at large banks and financial firms tripled between 2016 and 2018, and have remained high since, our HR database systems show:

Increase of Crypto Experts at Wall Street companies since 2016

Wanting to know who these new crypto experts are and where they come from, we look at the industries of their previous roles. Surprisingly, these experts have overwhelmingly been forged on Wall Street itself, instead of Silicon Valley or research labs.

Previous industry of Wall Street Crypto experts

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And Wall Street does not appear to be slowing down hiring of these positions. Below are the cumulative job openings for 2021 by company:

Wall Street companies with most crypto job openings

But competition for this talent is high. Wall Street job openings for crypto experts are dwarfed by openings in the jobs market at crypto companies:

Companies with most crypto job openings

Key Takeaways:

  • Wall Street has been hiring crypto talent since 2016.
  • The majority of these hires have come from the banking and financial services industries, Revelio Labs' HR database systems show.
  • While Wall Street is still aggressively hiring for crypto experts in 2021, the competition for that jobs market talent is increasing from crypto companies themselves and resembles that posed by tech companies for tech workers.
author

Lisa K. Simon

Chief Economist

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