Crypto Jobs Remain Attractive Amid Bear Market

Within the past few years, cryptocurrency adoption and acceptance have dramatically increased. As a result, many developers and other participants joined the digital asset train to boost the expansion of the industry. Then came the float of several decentralized protocols, NFT projects, applications, exchanges, and other products that distinguish the space.

As the crypto space makes more advancements through impressive innovative technologies, more people are trooping into the space. While the high volatility of the assets may be a disadvantage to many participants, not everyone is backing out because of it.

The growth and attraction of the crypto space are getting more intense despite its bearish market. The extreme crypto winter in 2022 gave a devastating blow to many companies that some had to reduce their employees’ strength. But such incidents are not discouraging finance executives from plunging into a crypto career.

A recent report indicates that 21Shares, a European crypto exchange-traded fund provider, is hiring new staff. The firm announced on Wednesday that its three primary recruitment is to support its expansion vision in different countries. It plans to establish offices in Germany, the United Arab Emirates, and France.

21Shares hired Marina Baudéan as its new head of France, Belgium, and Luxembourg. Baudéan had worked at Barclays, a British universal bank, for over 15 years. Her new position in 21shares marks her debut in the crypto career.

While expressing her confidence in digital assets, Baudéan maintained that cryptocurrency gives a representation of the technology for the next generation. Furthermore, she mentioned that crypto assets will always survive despite market volatility and other factors.

Baudéan reflected on the numerous technological advancements and transformations she witnessed in her career. Hence, she stated cryptocurrency at this stage has no connection with the digital trading pattern in the early times.

Also, Oliver Schäfer is now the new head of Germany for 21Shares. Schäfer has a solid background in traditional finance, having gathered long-time experience working in several financial firms.

Also, Schäfer had worked at JPMorgan, an American investment bank, for over 15 years. His last position at the bank was as the former executive director.

Reacting to his new position at 21Shares, Schäfer said that crypto is more attractive with increasing growth in the space.

So, he expressed his excitement in joining the crypto career while mentioning his focus is more on long-term opportunities. Schäfer disclosed that 2020 marked his first cryptocurrency investment. However, his interest is growing due to the increasing technology and developments in the industry.

Additional, the former head of asset management of Al Mai Asset Management, Sheriff El-Haddad, is now with 12Shares. El-Haddad is currently working as head of the Middle East for 21Shares.

The new hiring by 21Shares indicates that crypto jobs are still attractive despite its recently bearish trend. Similar recruitment moves were made by Binance and FTX crypto firms during the bearish market trend.