Wall Street is losing a lot of talented individuals in rather quick succession. Steve Hunt may be the latest individual to attend this growing list. He will be the former CTO of Jump Trading and possesses been acquired by Kraken, the favorite cryptocurrency exchange. This isn’t the first time talent is poached from Wall Street, nor could it be the last.?The blockchain-bitcoin technology attracts the eye of high quality professionals, just a test and a good acceptance.
Jump Trading CTO Jumps Ship. Trading firms are rather common in?Wall Street. While these firms pay numerous attention to new payment technologies, cryptocurrency continues not making a great number of inroads. Or so it would appear, as a lot of executives active on Wall Street are looking into this nascent market. During the last eighteen months, multiple people have left the financial world searching for success on the Bitcoin world.
Steve Hunt is definitely the latest individual to attempt exactly that. He can be best known for his stint at Jump Trading. This secretive trading firm has become active in the Bitcoin trading sell for quite some time now. For this reason, it seems just a little odd Hunt would arrange to leave this growing company looking for a completely different venture. Jump Trading uses high-speed trading strategies. Steve Hunt oversaw the technical side of this company, since he was their chief technology officer.
Big was people’s surprise when Hunt?left?Jump Trading way back in November of 2019. The departure was rather unexpected, however it seems an even bigger plan was set in place behind the scenes. Popular cryptocurrency exchange Kraken may be looking to hire additional staff since that very same period. Among the many open positions can be a vice president of engineering. That role now has been filled by the one and only Steve Hunt himself.
It is mentioned that it is a smart move by your Kraken Exchange company. This hiring spree by Kraken was direly needed. The agency received loads of negative attention because of the?partially degraded performance. The company has undergone a big transformation from the time. Its trading engine, frontend, and backend are usually running a lot smoother. To ensure this system remains operation, Steven Hunt will be tasked with keeping an eye on things. Company CEO Jesse Powell commented on Kraken’s plans in 2019 the subsequent:
“Where a Wall Street vet mightn’t have the most relevant experience, that is, cryptocurrency gateways, they could certainly assist us to with stock trading system technologies. And also developers, which we were always actively hiring, our company is looking to evoke a VP of engineering, regulatory affairs counsel, trader, compliance manager, product manager, recruiter, and treasurer, merely to name a few.”
It isn’t the first time a cryptocurrency firm attracts talent from Wall Street. Coinbase, Circle, together with other companies are all studying the same motions in recent times. This seems to be confirm most of these exchanges likely pay more care about high-speed trading in the destiny. It is a positive development due to this booming industry a swell. Bitcoin is slowly maturing, along with the service providers are evolving alongside it.
On one other hand, it is very important mention that the ecosystem of cryptocurrencies attracts the attention of talents in almost any specialties, always the doors are open for professionals to convey a boost to blockchain-bitcoin technology, undoubtedly the retribution as Salaries and bonuses will have to be very good to attract these valuable professionals. It waits thorough ads.