Crypto companies are looking for legal talent as the industry becomes more established.
The crypto market might soon see an uptick in legal hiring as it is moving out of regulatory gray zones, according to a recent article from Bloomberg Law.
The publication interviewed a number of experts from the industry following the news that Coinbase had tapped former Facebook Vice President and Deputy General Counsel, Paul Grewal, as the leader of their legal team.
The main consensus was that the amount of in-house hires in the crypto industry is likely going to rise significantly in the near future, mainly because the market is actively pushing itself into the financial mainstream.
Specifically, Marco Santori, chief legal officer of cryptocurrency exchange Kraken, told Bloomberg that their legal team is going to double in size in 2021.