Despite some high-profile departures in crypto, executive turnover there is not much different than other industries.
Despite some high-profile departures in crypto, executive turnover there is not much different than other industries, according to data from an international executive search firm.Where some former executives go next, however, represents how the crypto industry as evolved, with abounding opportunities in Washington and in more historically traditional sectors.
"There is no statistically significant difference — executive turnover is elevated across a whole range of industries." In that way the "flow of talent" is a "better market indicator than the price of the tokens," Richardson says. That is, the crypto industry is no more or less on the ropes than comparable sectors.: "Some [crypto executives] came from tech companies and financial institutions and might not stay through the [crypto] winter, but many more will stay in the ecosystem than leave," Richardson says.
Those teams tend to play point on digital asset initiatives at the firm level and those executives tend to have more of a crypto background than one in traditional finance, he adds.
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