Many traditional banking giants are trying to fill crypto-related positions in the research division.
Investment banks have been researching their digital assets for a long time. These banks want to be more involved in crypto as the number of firms operating in the crypto ecosystem increases. At the end of last year, Morgan Stanley announced that Sheena Sah would lead a new team that encompasses the crypto ecosystem, while Bank of America announced that it launched a crypto unit in October.
Organizations such as Citi, JPMorgan, and Goldman Sachs have a large team of analysts. Along with the business of the analysts, he does not neglect to reveal the macro issues that can shape the price fluctuations of tokens, new technological developments in the field of blockchain and other issues.
“The number of companies that mentioned crypto in their earnings calls was 17 last year,” Candace Browning, head of global research at BofA Securities, told Bloomberg. Now this number has increased to 147,” he said.
The crypto trend has also paved the way for the rebranding of companies like Meta and Block, which aim to highlight their crypto ambitions.
Jefferies has also set up a research team dedicated to payments and crypto-capital research, as a job posting reveals. The firm is currently seeking a partner to focus on crypto and blockchain.
Credit Suisse is looking for someone to produce reports on the crypto industry and present it to clients.
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