Prominent figures from a range of long-established companies found greener pastures in the blockchain realm in 2019. From BlackRock to Goldman Sachs, and from HSBC to the SEC, traditional industries saw some of their top personnel leave for new prospects in cryptocurrency over the past year.
Early 2019
Frigid winter conditions in the crypto market failed to dissuade career moves into the industry. Despite the bearish market conditions of early 2019, many saw fit to join the blockchain movement and leave their familiar jobs behind.
Fall
As temperatures cooled and markets eased, the entry of new participants from the traditional realm did not appear to weaken. If anything, the cast of characters joining the crypto stage grew, with big banks and financial institutions proving to be an excellent source of talent.
Mike Kennedy, founder of the Zelle digital payments network, joined Interstellar as its new CEO. The Zelle payment system is used by numerous traditional financial institutions such as JPMorgan Chase, Citi, and Bank of America, according to its website. The Stellar-focused (XLM) crypto development company took on Kennedy to help build out new services in international payments.
2020
The migration continues. As the cryptocurrency market ebbs and flows, the movement of talent from the traditional world to blockchain-focused entities persists. Working busily to build and grow in the nascent industry, those in the know seem to be indifferent to the whims of traders, whales, and the usual volatile price fluctuations.
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