3 - 5 minute read
Cryptocurrency and blockchain technology have been growing in popularity and adoption in recent years. Companies across various industries are exploring ways to leverage the benefits of these new technologies. Big Four accounting firm Deloitte is no exception, actively seeking individuals with expertise in cryptocurrency to join their team.
According to the latest updates on LinkedIn, Deloitte has over 300 available positions related to cryptocurrency in the United States, almost all of which were posted just a week ago. This is in contrast to the other three “Big Four” accounting firms, Ernst & Young, KPMG, and PricewaterhouseCoopers, which returned no results when conducting a similar search for crypto-related job openings.
Deloitte’s available cryptocurrency job titles include Blockchain & Digital Assets Manager, Tax Manager, Blockchain & Cryptocurrency, and Tax Manager, Blockchain & Cryptocurrency in NFTs, among others. The Blockchain & Digital Assets Manager role lists responsibilities such as providing financial statement audit, internal controls specific to blockchain and digital assets, audit readiness for blockchain and digital asset transactions, IPO readiness, and SEC reporting services, SPAC transactions, and accounting advisory services for digital asset transactions.
Applicants for the role of Tax Manager will manage teams providing tax advisory and compliance services to a diverse range of clients, including those in the cryptocurrency and blockchain industries. The responsibilities include leading clients in legal entity structuring and analyzing tokens and deals, among others.
Deloitte’s continued support and interest in Web3 and crypto is evident in its partnership with Vatom, a Web3 platform, to provide immersive experiences to different industries. This collaboration offers various opportunities for companies looking to enhance culture using virtual reality, as well as for brands aiming to improve community engagement. In January, Circle reportedly hired Deloitte to audit its proof-of-reserves.
As of now, LinkedIn has received applications from multiple locations for the different job roles, totaling over 1,000. However, there are several crossover listings on Deloitte’s website, and it is unclear if these positions that it seeks to fill were advertised previously.
For traders and investors, this news is significant as it indicates a growing interest and adoption of cryptocurrency and blockchain technology in traditional industries. Deloitte’s move to actively seek individuals with expertise in these areas suggests that the industry is maturing and becoming more mainstream. This could potentially lead to increased investment and growth in the cryptocurrency market.
The Bottom Line
Deloitte’s active search for individuals with cryptocurrency expertise is a positive sign for the industry. This move signals a growing interest and adoption of cryptocurrency and blockchain technology in traditional industries. However, traders should also be aware of the risks associated with cryptocurrency investments and conduct thorough research before investing.