Traditional companies in the U.S., such as Charles Schwab and Fidelity, are hiring for senior cryptocurrency positions, signaling their intent to enter this industry. The backdrop for these job openings is the clarity in regulation, paving the way for traditional finance to enter this space.
These recruitments indicate a strong push towards the cryptocurrency field. For instance, Schwab is hiring senior product managers for crypto trading and on-chain experiences. According to Cointelegraph, this company managing $10 trillion in assets plans to launch Bitcoin and Ethereum spot trading and expects to offer Bitcoin trading services by April 2026.
Fidelity has $6.4 trillion in assets and is also hiring crypto technology risk analysts. Booz Allen Hamilton is looking for experts in the cryptocurrency field, while S&P Global is hiring senior analysts for crypto and decentralized finance in global research and development.
This recruitment wave comes as the Trump administration pushes for better regulation of digital assets. On July 18, President Trump signed the (GENIUS Act), which provides a regulatory framework for stablecoins and their issuers. This clarity has prompted traditional financial institutions like JPMorgan and Bank of America to consider financial products related to digital assets.
The U.S. Senate is expected to review a market structure bill after the September recess, which is anticipated to provide further regulatory clarity and support the integration of cryptocurrencies with traditional financial institutions.
Web3 Job Development
According to a report from the crypto job site Web3.career, crypto positions are evolving as the industry matures. Geographic wage arbitrage still exists, and salaries for positions in the crypto field typically lead those in other industries. Remote-first companies are becoming less common, with firms increasingly favoring a hybrid work model.
Entry-level positions are also decreasing, as crypto companies tend to favor hiring for senior roles, reflecting the practices of traditional companies.
