• In Ireland, cryptocurrency companies are establishing a presence and hiring talent

  • The Republic of Ireland has become a sought-after destination for fintech companies seeking unrestricted access to the shared European market, thanks to its welcoming approach toward financial innovation. Cryptocurrency firms have begun setting up shop in the EU member state, with some well-known firms eager to attract local expertise.

    Major cryptocurrency firms open European offices in Ireland and hire new employees.

    Kraken, a cryptocurrency exchange based in California, has picked Ireland as its European headquarters. The company, which is a significant provider of digital asset trading services in the United States, is now building a team in Dublin to assist its European activities.

    According to the report, the crypto platform employs roughly 2,000 people worldwide. In the last month or two, three job openings with Kraken have been posted on Glassdoor: software project manager, compliance risk officer, and senior site reliability engineer. On Linkedin, the exchange was looking for an Operational Resiliency Specialist. They are all based in Dublin, Ireland’s capital.

    Gemini, is another US digital currency exchange that is establishing a presence in Dublin. The New York-based crypto business has applied to the Central Bank of Ireland for an electronic money license, which it expects to use to join other EU markets. Last year, the cryptocurrency platform received regulatory approval in the United Kingdom.

    Gemini has already engaged Gillian Lynch to handle its operations in the Old Continent from Ireland, as part of its European expansion strategy. The executive previously worked at Bank of Ireland as the head of retail planning and as the chief operating officer of Leveris, a fintech company. Lynch held the latter role for a long time.

    A number of other openings in the island nation have also been filled by the cryptocurrency exchange. A head of finance and a head of risk and compliance are among the names on the list. Accounting managers and traders are currently being sought by Gemini. People who are appointed to these jobs will be responsible for processing orders on behalf of the company’s clients.

    Ireland has been chosen as a destination for digital asset companies by not only crypto-focused enterprises but also financial institutions with aspirations to enter the industry. In May, the Bank of New York Mellon launched a ‘Digital Innovation Hub’ in Dublin, after its decision to enter the crypto industry in February. The unit would act as a crypto asset custodian for its clients, keeping and transferring digital currencies.

    In June that Blockdaemon, a Goldman Sachs-backed fintech business, aims to grow its presence in Galway as it seeks acquisitions. Three years ago, the business that develops blockchain technology for financial service providers built an office in the western Irish city and has since begun employing talent for remote positions all around Ireland. It now employs ten people, seven of them are situated in Galway while the rest are spread across the country. Furthermore, according to the latest statistics from the Cambridge Bitcoin Electricity Consumption Index, Ireland is home to 2.27 percent of Bitcoin’s hashrate.

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