Wall Street firms have flooded LinkedIn with dozens of digital assets job postings, giving crypto professionals a TradFi escape hatch as native firms slash staff and the industry works through an extended downturn.
JPMorgan Chase, BlackRock, Citigroup, Morgan Stanley, Bank of America, Fidelity, and Jefferies have each opened senior crypto roles, with base salaries reaching $300,000 at the top end, according to a Bloomberg report published Thursday.
Wall Street’s Hybrid Talent Push
The catch for applicants is that pure crypto credentials no longer suffice. Banks and asset managers now want candidates who pair blockchain fluency with TradFi experience. The hybrid background covers compliance, risk, and regulated markets.
“It’s really about domain overlap,” Bloomberg reported, citing Paul Przybylski, JPMorgan Asset Management’s global head of product for digital and tokenized assets.
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Citigroup’s Head of Digital Assets Platform Engineering tops the table with a base of up to $300,000. Bank of America, Morgan Stanley, Fidelity, and Jefferies round out the board.
Their listings cover senior engineering, financial crimes transformation, site reliability, and crypto equity research roles.
A Bright Spot Against Crypto Layoffs
Bloomberg framed the hiring spree as a rare bright spot for an industry working through a protracted downturn. Coinbase Global has cut large portions of its workforce, and similar reductions have rolled across other crypto-native employers.
For workers leaving those firms, a stint at a regulated bank or asset manager has become a defensive résumé move. Total compensation packages at these firms include cash bonuses and equity grants. Combined, those layers often push roles well past their listed base ranges.
By contrast, crypto-native pay, often weighted with token allocations, has grown harder to value as token markets stay weak.
Wall Street’s cash-heavy structure now reads as a more predictable bet for senior engineers and product leaders.
“HELP WANTED: digital asset specialists at big boy financial cos. Must know crypto, blockchain, understand degens, but also have TradFi chops, fluent in Boomer-ese,” ETF analyst Eric Balchunas quipped.
The hiring board signals that institutional crypto integration is widening even as native firms retrench. Whether banks sustain the pace of postings over the coming weeks will determine the read.
A permanent digital assets bench-build looks different from a tactical talent grab.
The post TradFi Giants Offer Crypto Talent Stability and Prestige as Crypto Firms Cut Staff appeared first on BeInCrypto.
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