Wall Street firms are ramping up hiring for cryptocurrency-related roles even as many crypto-native companies cut jobs and shift toward leaner, AI-focused operations, according to a report by Bloomberg.

Major banks, trading firms and financial institutions have posted dozens of openings tied to

  • digital assets,

  • blockchain infrastructure,

  • compliance, and

  • tokenized finance

in recent weeks, the report said.

The hiring push comes as traditional finance firms deepen their involvement in crypto following the approval of spot bitcoin ETFs in the United States and growing institutional demand for digital asset products.

 

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However, many of the positions come with a catch: candidates are increasingly expected to have experience spanning both Wall Street and crypto, a combination that recruiters say remains relatively rare.

Firms are prioritizing workers with backgrounds in

  • trading,

  • risk management and

  • regulation

alongside knowledge of blockchain technology and digital assets.

The trend marks a shift from earlier crypto hiring cycles when startups aggressively recruited from traditional finance. Now, established financial firms are seen as offering greater stability after multiple rounds of layoffs and restructuring across the crypto industry.

Several financial giants have expanded their crypto ambitions in recent months. Morgan Stanley is preparing to launch spot crypto trading on its E*Trade platform.

 

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Meanwhile, Wall Street firms continue exploring tokenization, custody and stablecoin-based payment systems.

At the same time, crypto firms themselves are tightening operations. Coinbase said this week it would cut about 14% of its workforce as part of an AI-driven restructuring plan aimed at creating smaller and faster-moving teams.

 

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