Wall Street banks go on a spree to hire cryptocurrency specialists - Bloomberg

After ignoring bitcoin (BTC-USD) and other cryptocurrencies for years, some of the biggest Wall Street banks and financial companies added ~1K cryptocurrency-related roles since 2018, Bloomberg reports, citing data from Revelio Labs, which scrapes data from LinkedIn. Wells Fargo (WFC +0.8%), JPMorgan Chase (JPM -0.2%), and Goldman Sachs (GS +0.5%) are among the most active in bolstering their ranks as client interest in crypto climbs. They're so focused on building their crypto expertise quickly that they're willing to pay as much as 50% more than for comparable roles in other banking areas, the article said. "The banks can’t run the risk that their clients go to another bank to do these services, so they need to build up," Alan Johnson, managing director of compensation consultancy Johnson Associates, told Bloomberg. "This is a big asset, a bit opportunity, and they need people and need them in a hurry. They're willing to