Over the past several years, acceptance and adoption of cryptocurrency has dramatically increased. To help expand the sector, developers and others joined the digital assets train. The float followed with the creation of decentralized protocols, NFT-projects, applications and exchanges as well other products to differentiate the industry.
With the incredible advancements in technology, the crypto market is seeing more and more people enter it. Although volatility is a problem for many, it’s not affecting everyone.
Despite the bearish crypto market, there is increasing interest in and growth of the cryptocurrency space. The extreme crypto winter in 2022 gave a devastating blow to many companies that some had to reduce their employees’ strength. However, such events aren’t deterrents for finance professionals to pursue a career in crypto.
21Shares, an European cryptocurrency exchange-traded funds provider, has hired new employees, according to a recent report. On Wednesday, the firm stated that three of its primary recruiting goals were to help it expand its vision in various countries. The firm plans to open offices in France, Germany and the United Arab Emirates.
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. She is now in her first position at 21shares, a crypto company.
While expressing her confidence in digital assets, Baudéan maintained that cryptocurrency gives a representation of the technology for the next generation. Baudean also mentioned that cryptocurrency assets will continue to survive, despite volatility in the market and other factors.
Baudéan reflected on the numerous technological advancements and transformations she witnessed in her career. Baudean stated that cryptocurrency is not connected to the early digital trading patterns.
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. He was the previous executive director at the bank.
A new executive highlights long-term crypto opportunity as the focus
Reacting to his new position at 21Shares, Schäfer said that crypto is more attractive with increasing growth in the space.
He expressed excitement about joining crypto while also pointing out that his main focus is on the long-term. Schäfer disclosed that 2020 marked his first cryptocurrency investment. But, his curiosity is growing because of the technology advancements in the sector.
Sheriff El-Haddad was previously the head of Al Mai Asset Management’s Asset Management. She is currently with 12Shares. El-Haddad works currently as Head of Middle East Operations for 21Shares.
21Shares has announced a new hiring initiative. This shows that crypto jobs still remain appealing despite recent bearish trends. Binance and FTX were also able to make similar recruitment decisions during bearish market trends.
Featured image from Pixabay, chart from TradingView.com