The cryptocurrency market never sleeps. Unlike traditional financial markets that close on weekends, crypto trades 24/7, forcing hedge funds and trading firms to adjust their schedules. Many firms are now hiring staff to cover weekend shifts to keep up with the nonstop market.
London-based Qube Research & Technologies is looking for a “Crypto | Quant Trader (Weekend Shift).” This role requires working every other weekend plus four regular weekdays. The trader will manage continuous crypto trading, monitor strategies, and handle risks around the clock.
Other finance firms are following suit. Virtu Financial in Singapore is hiring weekend crypto traders. Jump Trading’s crypto team in Chicago also sought weekend traders, though that position appears filled.
Major hedge funds are expanding crypto teams to operate 24/7. Brevan Howard’s crypto unit, BH Digital, employs dozens, including portfolio managers and data scientists. Steve Cohen’s Point72 is growing its crypto quant division in Paris.
A recent CoinShares report shows hedge funds now hold 41% of Bitcoin ETF shares, surpassing investment advisers. This highlights their growing influence in crypto markets.
Weekend volatility remains a challenge. For example, after a US tariff announcement in April, Bitcoin fell 7% over a weekend. Lower liquidity and fewer staff make weekends risky, especially if hacks occur, causing rapid price drops.
While hedge funds are just starting weekend hiring, crypto traders have long worked nonstop. As one trader put it, “Weekends are for working. Free time? No such thing. Save your free time for the bear market. For now, we grind.”
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