Wall Street Firms Post Dozens of Crypto Jobs — With a Catch

Having a splash of Wall Street on a crypto résumé has become a way to stay gainfully employed.

Dozens of digital-asset job openings at traditional financial firms — from big banks like JPMorgan Chase & Co. to massive asset managers like BlackRock Inc. — have recently appeared, representing a bright spot for an industry that’s trudging through a protracted downturn with crypto firms including Coinbase Global Inc. cutting large chunks of staff.

The trick, though? Applicants can’t just have experience in Bitcoin trading or blockchain development. They must have some traditional finance, or “tradfi,” already in the mix.

“It’s really ...