The crypto market has been cutting it close when it comes to hiring new talent because there was never a sudden issue to hire experts within the industry until now. Many senior crypto specialists have been hired over the past few months, and the number of new job openings for these specialists continues to increase. There is this quick realization within the financial world that crypto might be the answer to our financial problems of the future, and that is why new projects are being drawn to make things right with decentralization.
That is why there is this abrupt need for specialists and individuals at the top of their game right now. Many crypto companies are hiring software engineers, IT experts, and cyber security specialists and are even willing to pay top dollar for their talent and skillset. Many banks in the United States have hired about 1000 crypto experts since 2018, which is quite a number when it comes to hiring crypto-oriented personnel.
Need for Crypto Experts Increases
According to research, not only the hiring rate for crypto-oriented experts have gone high over the past few months especially but they are also being paid more in contrast with experts within conventional markets or fiat-oriented financial institutions. In comparison, they are being paid 20 to 30% more than the experts working in conventional markets. The main reason why this transition is taking place and is so successful is that banks don’t want to lose their customers to their rivals. In this scenario, the rivals are crypto exchanges because they have the right infrastructure, a platform for trading of cryptocurrency, and investment building exercise is specially designed for investors of every tier; they would naturally have more traffic or business in comparison with the banks. That is why banks are now hiring crypto experts because they want to enable crypto trading for their customers. This competition, emerging within the financial sector, has proven extremely beneficial for crypto experts as they are quite high in demand and are being paid whatever they ask for upfront.