Wall Street Adds Crypto Jobs While Coinbase and Gemini Cut Staff

Wall Street firms are hiring for dozens of Bitcoin and crypto jobs even as layoffs spread across crypto and fintech companies. com in recent weeks. Executives increasingly say AI is part of the reason for the job cuts.

The parent company of Square, Inc. and Cash App, announced major cuts earlier in 2026 and pointed to AI as part of a broader restructuring effort. ” Crypto trading activity has cooled and digital asset prices remain below their recent highs.

Those pressures have prompted some industry observers to question the emphasis on artificial intelligence. ” Some firms have cited concrete productivity improvements. 0G Labs reduced staff by 25 percent after internal AI tools improved productivity.

Whose restructuring language has been adopted by later companies making cuts. PayPal has been navigating slower growth and tighter competition in payments. Coinbase, for its part, continues to reshape roles around automation while insisting the changes prepare it for an AI-powered future.

““The biggest risk now is not taking action.””

“— Brian Armstrong, Coinbase CEO Analysts note that both efficiency gains and post-bull-run trimming appear to be driving decisions at the same time. The hiring on Wall Street suggests demand for crypto talent persists in traditional finance even as some native crypto firms contract.”