Wall Street is losing a lot of talented people in a fairly quick succession. Steve Hunt is the last individual to join this growing list. He is the former technology director of Jump Trading and has been acquired by Kraken, the popular exchange of cryptocurrencies. It is not the first time that Wall Street talent is furtively hunted, nor will it be the last. The blockchain-bitcoin technology attracts the attention of high performance professionals, this is a test and a good acceptance.
Jump Trading CTO Jumps Ship. Commercial companies are quite common on Wall Street. While these companies pay a lot of attention to new payment technologies, the cryptocurrency is still not penetrating too much. Or that would seem, since many executives active on Wall Street are investigating this emerging market. In the last eighteen months, several people left the financial world in search of success in the Bitcoin world.
Steve Hunt is the last guy to do exactly that. He is best known for his season in Jump Trading. This secret trading company has been active in the Bitcoin trading industry for quite some time. As such, it seems a bit strange that Hunt decided to leave this growing company in search of a completely different company. Jump Trading uses high-speed commercial strategies. Steve Hunt supervised the technical aspect of this company, since it was its technology director.
Big was the surprise of the people when Hunt left Jump Trading in November of 2017. The game was quite unexpected, but it seems that a bigger plan was launched behind the scenes. The popular Kraken cryptocurrency exchange has been looking to hire additional staff from that same period. One of the open positions is vice president of engineering. That role has now been occupied by none other than Steve Hunt.
It is mentioned that it is an intelligent move by the Kraken Exchange company. This hiring spree by Kraken was very necessary. The company received a lot of negative attention due to its partially degraded performance. The company has undergone a great transformation since then. Its trading engine, frontend and backend work much better. To ensure that this system continues to function, Steven Hunt will have the task of monitoring things. Company CEO Jesse Powell commented on Kraken's plans in 2018 as follows:
"When a Wall Street veterinarian may not have the most relevant experience, that is, cryptocurrency gateways, they could certainly help us with trading system technologies. In addition to the developers, who were always actively hiring, we sought to hire a vice president of engineering, regulatory affairs consultant, merchant, compliance manager, product manager, recruiter and treasurer, just to name a few. "
It is not the first time that a cryptocurrency firm attracts Wall Street talent. Coinbase, Circle and other companies are going through the same actions these days. This seems to confirm that all these exchanges will pay more attention to high-speed trade in the near future. It is a positive development for this booming industry, a swell. Bitcoin is slowly maturing, and service providers are evolving at par.
On the other hand, it is important to mention that the ecosystem of cryptocurrencies attracts the attention of talents in different specialties, always the doors are open for professionals to give a boost to blockchain-bitcoin technology, of course the retribution as Salaries and bonuses must be very good to attract these valuable professionals. It waits for new announcements.