The skills you need to land a job in crypto trading and investing, according to 7 insiders from firms like Grayscale and Galaxy Digital
- Crypto trading firms are hiring at a fast clip.
- Former and current execs at firms like Grayscale and Galaxy told Insider what they’re looking for.
- Grayscale’s CEO said candidates need to be ready to test their “confidence” in cryptocurrencies.
- Visit Insider’s homepage for more stories.
There are a wealth of job opportunities in the world of trading cryptocurrency.
Indeed, dealing in the emerging asset class provides a host of employment opportunities for both finance industry veterans and newcomers alike, insiders say. It’s little wonder why it’s been attracting increasing attention of late: Cryptocurrencies have been on a wild ride.
Coinbase Global, the largest cryptocurrency exchange in the US, will go public Wednesday as cryptocurrencies hit record highs. Analysts predict the San Francisco-based company’s Nasdaq debut will make a significant impact to the digital currency space. The price of Bitcoin, the most widely traded cryptocurrency, soared to an all-time above $63,000 on April 13.
Mainstream investors interest is on the rise as well. BlackRock, the world’s largest asset manager, recently authorized two of its funds to invest in bitcoin futures, according to SEC filings.
And while Bitcoin has the largest market cap of any digital currency, other coins have also gained popularity among traditional players. The CME Group plans to roll out futures contracts this year tied to Ethereum, the industry’s second largest coin by market cap.
As a result, general interest for jobs in trading crypto remains high from those betting that they’ll find lucrative career prospects by pursuing a role working with currencies of the future.
And crypto jobs aren’t just for Bitcoin miners with whiz computing skills. Insiders at companies like Grayscale Investments and Galaxy Digital say that the cryptocurrency industry is looking for people with good judgment and the ability to assess and manage risk. Ultimately, it’s an industry seeking people with a collection of diverse backgrounds and perspectives.
It’s also an industry that has become all the more lucrative as cryptocurrencies have grown in stature and price. Insider previously reported roles in cryptocurrency, either at startups or established firms, can pay as high as $400,000, according to an analysis of data from the US Office of Foreign Labor Certification.
Here’s the especially good news: They’re hiring.
Companies told Insider that they’re increasing their headcounts, with Grayscale saying it plans to double its workforce in 2021, and Galaxy noting that it will hire its first-ever analyst class starting later this year, creating 10 available positions. Firms are looking to recruit for roles in areas that range from sales and trading to engineering and marketing.
The bottom line is that landing a job in cryptocurrency has never looked quite so appealing. We asked seven industry insiders from top firms to spell out the job prep and interview tips you need to know to stand out from the crowd.