Fun

Crypto Companies Establish Presence, Hire Talent in Ireland

News Feed - 2021-07-26 04:07:37

Crypto Companies Establish Presence, Hire Talent in Ireland


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.


Do you expect Ireland to attract more companies from the crypto industry? Let us know in thecomments section below. Irish Banks Hail EU’s ‘Radical’ Anti-Money Laundering Push FINANCE | 16 hours ago Switzerland’s Largest Bank UBS Says Clients Have Crypto FOMO FINANCE | 3 days ago Tags in this story BASE, Blockchain, companies, Crypto, crypto assets, crypto companies, Cryptocurrencies, Cryptocurrency, Employees, Fintech, Firms, Hiring, Ireland, Irish, Office, personnel, positions, staff, Talent, vacancies


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Ana Paula Pereira3 hours agoJPMorgan forecasts limited downside for crypto markets: ReportJPMorgan"s analysts consider Bitcoin"s declining open interest to be a sign that the current price trend may be weakening.1604 Tot
South African Financial Sector Regulator Declares Crypto Assets a Financial Product
South African Financial Sector Regulator Declares Crypto Assets a Financial Product According to a general notice published in a government gazette, crypto assets are now treated a
Dubai Luxury Hotel Palazzo Versace Allows Guests to Pay in Crypto
Dubai Luxury Hotel Palazzo Versace Allows Guests to Pay in Crypto Guests staying at Palazzo Versace Dubai have, since September 7, had an option to settle payment for services rend
Ethereum vs Tron: Comparing Data, Defi and Stablecoins from Both Chains After Viral Tweet
Ethereum vs Tron: Comparing Data, Defi and Stablecoins from Both Chains After Viral Tweet On February 7, Cold Card and Opendime creator, Rodolfo Novak (also known as NVK), tweete
Chrono․Tech Attracts $30 million Investment
Chrono․Tech Attracts $30 million Investment press release PRESS RELEASE. Australian asset manager Mark Carnegie and a European Family Office have recently taken stakes in the comp
Biggie Smalls NFT Collection Sells Out in 10 Minutes, Owners Get Licensing Rights to Unreleased Freestyle
Biggie Smalls NFT Collection Sells Out in 10 Minutes, Owners Get Licensing Rights to Unreleased Freestyle On Tuesday, the Christopher Wallace Estate, managers of the Notorious B.I.
Why Is Crypto Down Today, Best Crypto to Buy as Canada Tariffs Eased
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Not Just Ebay, NYSE Owner Intercontinental Exchange Pushes Bakkt to Retail With Latest Acquisition
Not Just Ebay, NYSE Owner Intercontinental Exchange Pushes Bakkt to Retail With Latest Acquisition The owner of the New York Stock Exchange, Intercontinental Exchange, stunned ma
Abra settles with fifth state as US operations may be winding down
Derek Andersen2 hours agoAbra settles with fifth state as US operations may be winding downThe platform was part of a targeted campaign by state regulators and promised to stop U.S retail operations last summer.7890 Tota
Ana Paula Pereira8 hours agoCelsius Network reaches settlements to exit bankruptcyBankrupted crypto lender Celsius Network reached two settlements that may allow the return of assets to customers and end its bankruptcy p
Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board
Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board As political leaders in crisis-hit Lebanon bicker over positions in the yet-to-be-formed g
Google Profits off Impersonations of Banned Cryptocurrency Celebs and Companies
Google Profits off Impersonations of Banned Cryptocurrency Celebs and CompaniesCryptocurrency companies are banned on Google but the platform is allowing phishing sites to impersona