Wall Street Is Amassing a Crypto Army and Paying Up for Recruits

Wall Street leaders turned up their noses when Bitcoin exploded onto the scene more than a decade ago. Now they’re paying sweet premiums to crypto recruits, amassing an army of enthusiasts within the traditionally staid realm.

Some of the biggest banks and financial firms have added about 1,000 crypto-related roles since 2018, according to Revelio Labs, which collected the data by scraping LinkedIn. Among those hiring the most are JPMorgan Chase & Co., Wells Fargo & Co. and Goldman Sachs Group Inc., which shored up their ranks as demand for the fast-developing virtual currencies ballooned.

The expansion of ...