With a friendly attitude towards financial innovation, the
Republic of Ireland has become a desired destination for fintech
businesses that need unimpeded access to the common European market.
Cryptocurrency companies have been opening offices in the EU member
state with some well-known players now looking to hire local talent.
Major Crypto Companies Set Up European Branches in Ireland, Fill New Positions
California-based cryptocurrency exchange Kraken has chosen Ireland as
its European base, the Irish daily Independent reported. The company, a
major provider of digital asset trading services in the United States
is now forming a team in Dublin to support its European operations, the
newspaper revealed on Sunday.
According to the publication, the crypto platform has around 2,000
employees globally. Three ads for open positions with Kraken have been
published on Glassdoor
in the past month or so – for software project manager, compliance risk
officer, and senior site reliability engineer. The exchange was also
looking for an Operational Resiliency Specialist on Linkedin. All of them are based in the Irish capital.
Another U.S. digital currency exchange that’s building up a base in
Dublin is Gemini, the Independent wrote earlier in July. The New
York-headquartered crypto company has applied for an electronic money
license from the Central Bank of Ireland which it hopes to use to access
other EU markets. The crypto platform obtained regulatory approval in
the U.K. last year.
To facilitate its European expansion plan, Gemini has already hired
Gillian Lynch to manage its operations on the Old Continent from
Ireland. The executive has previously served as a chief operating
officer of Leveris, a fintech firm, and as head of retail planning at
Bank of Ireland. Lynch occupied the latter position for several years.
The crypto exchange has also filled a number of other vacancies in
the island nation. The list includes a head of finance and a head of
risk and compliance. Gemini is now recruiting accounting managers and
traders as well. People who will be appointed to these positions will be
expected to handle orders on behalf of its customers.
Not only crypto-focused companies but also financial institutions
with aspirations to get involved in the market have been choosing
Ireland as a destination for their digital asset business. Following a decision to enter the crypto space in February, U.S. giant Bank of New York Mellon established
a ‘Digital Innovation Hub’ in Dublin in May. The unit will operate as a
crypto asset custodian holding and transferring digital currencies for
its clients.
In June, the Irish press reported that Goldman Sachs-backed fintech
firm Blockdaemon plans to expand its presence in Galway as it looks for
acquisitions. The company which develops blockchain technology for
financial service providers opened an office in the western Irish city
some three years ago and has since started hiring talent for remote
positions across Ireland. It currently has ten employees, seven of which
are based in Galway with the rest residing in other parts of the
country. Furthermore, the latest findings from the Cambridge Bitcoin
Electricity Consumption Index also note that 2.27% of Bitcoin’s hashrate is situated in Ireland.
source link : https://news.bitcoin.com/crypto-companies-establish-presence-hire-talent-in-ireland/
