Crypto exchanges recruiting profiles from traditional banking
Crypto exchanges recruiting profiles from traditional banking
Daisuke Murayama, a former Barclays trader, has made a career switch from traditional banking to 'banking the future'. He has submitted his resignation to Barclays to move to the Japanese crypto exchange BitFlyer because "most of the products and services of the traditional banking system are obsolete," Murayama said.
Is there a shift in the world of traditional banking? Daisuke Murayama gives up his well-paid permanent job at Barclays to work for a Japanese crypto exchange because he no longer believes in the future of traditional banking.
In the past year, a number of the largest crypto trading platforms, such as Coinbase, have invested a lot of time and energy in recruiting financial profiles with experience in the banking world. The exchanges have 'aggressive' plans to expand globally.
The Japanese BitFlyer also applies this strategy in an attempt to become the world's largest and best crypto exchange, according to CEO and founder Yuzo Kano. They are mainly looking for traders and bankers who have at least 10 to 15 years of experience in the traditional banking world.
Younger profiles also have the chance to be accepted at BitFlyer, but they must be able to demonstrate that they have sufficient technological knowledge and experience with blockchain and crypto.
Kano stated that the demand for managers, financiers and bankers from the traditional financial sector has increased significantly in recent months. Mainly as a result of the increasing hard action of the financial authorities against acting in crypto.
Evolution
- Razin Ashraf, head of a Japanese recruitment agency, said during an interview with Bloomberg that crypto exchanges and startups need financial experts to fill the gaps in sales, follow-up and a variety of other 'fields' that newcomers have trouble with.
"Crypto companies need finance guys to fill roles across the board: business development, sales, account management, operations, and compliance just to name a few"
- Now that crypto exchanges are adopting profiles of the traditional financial sector and large financial institutions, investors and investors expect the crypto market to evolve into a real emerging asset class that can no longer be ignored.
Sources: CCN
We're seeing a big firms start to get into blockchain technology.