New Cryptocurrency Move from Banking Giant Citi!

Cryptocurrency Companies that want to turn the recession in their markets into an opportunity continue to make new moves to adapt to the sector.

One in the Corporate Customer group digital asset Citigroup, which wants to hire nearly 100 people to create the division, continues this move. two digital asset risk managers will hire.

According to the job posting on the company’s website, Citigroup to focus on stablecoins, decentralized finance and cryptocurrencies will hire two digital asset risk managers.

One will focus on stablecoins and cryptocurrencies and the other will focus on CBDCs, digital securities and enterprise blockchain applications.

Confidence in the industry was shaken after the events in Terra and 3AC. After these events, the first positive move on the banks’ side came from Citi. This move of Citigroup is important as it shows that the belief in the sector is still preserved.

Speaking to The Block, Tarun Chitra, founder of crypto financial risk modeling tool Gauntlet, said:

“Risk management in decentralized finance is really much more complex than what you see in traditional finance.

That’s why Citi needs someone who is committed to understanding and reasoning.

But the role does not seem very technical. So I also think this could be more of a part of research on how we can support these markets.”