Nickel: Crypto jobs are becoming more attractive for institutional investors
Jobs within digital assets are becoming more attractive for executives at traditional financial firms but career risks remain, according to new global research by London-based Nickel Digital Asset Management.
Its survey with institutional investors and wealth managers worldwide found 95% believe crypto careers are more attractive now than they were 12 months ago due to positive sentiment in the sector, with nearly two out of five (36%) believing crypto careers are substantially more attractive than a year ago.
However, the research with executives at pension funds, family offices, insurance asset managers, hedge funds and wealth managers based in the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates that collectively manage around $14 trillion in assets found more believe risks associated with making the switch have increased.
50% of those questioned say career risks have increased despite more positive attitudes from regulators recently. By comparison 40% believe the career risk has reduced while 10% say it is unchanged.
The most significant factor in mitigating career risks from switching to crypto firms would be improved market liquidity, the study found, with 42% highlighting that. Around 36% say greater institutional investment would cut risks while 13% point to regulatory clarity and 9% to better market infrastructure.