Fidelity to bolster crypto unit another 25% with 100 new hires
The Digital Assets division within Fidelity Investments will have approximately 500 total employees by the first quarter of 2023, according to a spokesperson.
New
Fidelity Investments, a $4.5 trillion asset management firm, is set to hire 100 more people to bolster the company's growing digital assets division, in stark contrast to the recent crypto talent squeeze .
A Fidelity representative told Bloomberg on October 22 that the company has begun a new round of hiring, which will bring Fidelity Digital Asset's headcount to around 500 by the end of the first quarter of 2023.< /p>
A search on the Fidelity job site currently shows 74 live results for digital asset-related positions, which cover areas related to blockchain technology, business analytics, customer service, finance and accounting, product development and corporate services, including compliance.
Nearly all of the current listings are based in the United States, with the majority coming from its headquarters in Boston, New York, Texas, Colorado and Utah.
The spokesperson told Bloomberg that the new roles will be located in the US, UK and Ireland.
Fidelity's hiring spree comes as BlockFi, Coinbase, Gemini and Crypto.com were among the biggest crypto-native companies to lay off a series of employees, after cutting 20%, 18% and 10 %, respectively.
The massive layoffs appear to have opened up a new pool of crypto talent for traditional companies like Fidelity.
Related: Fidelity's Crypto Ambitions Bigger Than Expected: Report
The expansion of the digital assets team should come as no surprise given Fidelity's enthusiasm...
The Digital Assets division within Fidelity Investments will have approximately 500 total employees by the first quarter of 2023, according to a spokesperson.
New
Fidelity Investments, a $4.5 trillion asset management firm, is set to hire 100 more people to bolster the company's growing digital assets division, in stark contrast to the recent crypto talent squeeze .
A Fidelity representative told Bloomberg on October 22 that the company has begun a new round of hiring, which will bring Fidelity Digital Asset's headcount to around 500 by the end of the first quarter of 2023.< /p>
A search on the Fidelity job site currently shows 74 live results for digital asset-related positions, which cover areas related to blockchain technology, business analytics, customer service, finance and accounting, product development and corporate services, including compliance.
Nearly all of the current listings are based in the United States, with the majority coming from its headquarters in Boston, New York, Texas, Colorado and Utah.
The spokesperson told Bloomberg that the new roles will be located in the US, UK and Ireland.
Fidelity's hiring spree comes as BlockFi, Coinbase, Gemini and Crypto.com were among the biggest crypto-native companies to lay off a series of employees, after cutting 20%, 18% and 10 %, respectively.
The massive layoffs appear to have opened up a new pool of crypto talent for traditional companies like Fidelity.
Related: Fidelity's Crypto Ambitions Bigger Than Expected: Report
The expansion of the digital assets team should come as no surprise given Fidelity's enthusiasm...
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