ICYMI: Wall Street banks are expanding crypto sell-side research
A number of banks — including Jefferies and Credit Suisse — have job ads out for new crypto research roles.Several traditional banks are looking to fill crypto-related roles within their research divisions — the latest sign that the digital asset ecosystem is becoming fully integrated with the broader market.
Coinbase — the poster child of the US crypto market — has a long list of analysts covering its stock, including researchers from Citi, JPMorgan, Goldman Sachs, and Raymond James. "If you look at the number of corporates mentioning crypto on their earnings calls, that's gone from about 17 last year to about 147 in the most recent quarter," Candace Browning, head of global research at BofA Securities recently told Bloomberg TV.
Such firms, to be sure, are going head to head for talent with crypto-native firms offering research and company coverage, including Galaxy Digital.
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