#altcoins. #Blockchain" #tokens #Investment BANK PROFESSIONALS MOVE INTO THE CRYPTO SECTOR

Amid the growing adoption of Blockchain.

Bitget's latest study found that one-third of cryptocurrency job seekers previously held positions in traditional banking and finance industries.

The study reveals that 33% of people applying for positions within the cryptocurrency exchange were previously part of the banking sector. Applicants are primarily interested in positions such as KYC Manager, Compliance Associate, Senior Compliance Associate and AML Analyst.

Recent years have seen considerable change, with an influx of banking professionals making the transition to cryptocurrencies. Specifically, there was a 113% increase in 2022 and a 143% increase in 2023 in the number of job applications from people with banking experience.

The trend aligns with the growing integration of blockchain technology into major financial institutions. Prominent players in the banking industry, including HSBC, JPMorgan Chase, and Citi Group, have been actively exploring and adopting decentralized technologies. The impact of blockchain technology on retail banking is anticipated to be substantial, with projections estimating a market value of $40.4 million by 2031.