Charles Schwab and Fidelity, major players in traditional finance, are expanding their cryptocurrency operations by recruiting for senior crypto positions. This hiring wave reflects an important move by these firms into the cryptocurrency realm.
Fidelity, with $6.4 trillion in assets, aims to develop products related to Bitcoin and Ether, while Schwab plans to initiate spot trading services for BTC by April 2026, impacting their strategic directions in cryptocurrency.
As regulatory clarity increases, traditional financial institutions are encouraged to develop crypto-related products. The industry is also evolving to favor senior roles, demonstrating growth and maturity within the cryptocurrency sector.
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