- HSBC posted crypto-related job openings on its careers page today.
- Peers have already launched crypto products in recent years.
- Shares of Europe’s largest bank closed slightly lower on Tuesday.
HSBC Holdings plc was in focus today on reports that Europe’s largest bank is now ready to venture into cryptocurrency.
HSBC posts cryptocurrency related job opportunities
On Tuesday, HSBC listed a job opening on its careers page confirming that it was looking for a “Product Manager” to oversee use cases of the tokens.
According to the financial giant, the rapidly evolving crypto landscape necessitated that the bank develop a footprint in this market.
With digital assets being a new topic, and strategic considerations and risk appetite evolving rapidly, the Head of Coding will be required to make complex business and project decisions that contribute to a high-value strategic initiative.
HSBC Holdings plc shares are up more than 15% year-to-date, which saw a slight decline today.
HSBC joins the likes of JPMorgan Chase
The British multinational is not the only one of the major banks considering dipping its toe into the cryptocurrency market. Peers, including JPMorgan Chase & Co. , already crypto-related products in recent years.
HSBC Holdings plc is currently looking for a suitable candidate for the position of Product Manager for Digital Assets as well, indicating that it wants to provide a wide range of services in the crypto space.
This is a significant change of pace for the World Bank which has been vocal against cryptocurrencies and has raised questions about their sustainability. Just months ago, its CEO Noel Cowen was quoted as saying that HSBC would not rush into cryptocurrency.