Deloitte, one of the “Big Four” accounting firms, is signaling its commitment to Web3 and the cryptocurrency industry by actively seeking individuals with expertise in these areas. According to LinkedIn, the firm has posted over 300 job openings related to cryptocurrency in the United States. This move could indicate a significant shift in the accounting sector as it embraces the growing impact of blockchain and digital assets.
A search for cryptocurrency job opportunities in the United States on LinkedIn reveals that Deloitte has a variety of job titles related to the field. Among these are Blockchain & Digital Assets Manager, Tax Manager for Blockchain & Cryptocurrency, and Tax Manager for Blockchain & Cryptocurrency in NFTs. The availability of these positions is widespread, with openings in numerous locations across the country.
In contrast, a similar search for crypto-related job openings at the other three “Big Four” accounting firms (Ernst & Young, KPMG, and PricewaterhouseCoopers) yields no results. This stark difference highlights Deloitte’s dedication to staying ahead of the curve in the rapidly evolving world of cryptocurrency and Web3 technology.
The Blockchain & Digital Assets Manager role at Deloitte involves providing various services such as financial statement audit, internal controls specific to blockchain and digital assets, audit readiness for blockchain and digital asset transactions, IPO readiness and SEC reporting services, SPAC transactions, and accounting advisory services for digital asset transactions.
As for the Tax Manager positions, these roles entail managing teams providing tax advisory and compliance services to a diverse range of clients, including those in the cryptocurrency and blockchain industries. Responsibilities include leading clients in legal entity structuring and analyzing tokens and deals, among other tasks.
This hiring spree comes on the heels of Deloitte’s recent partnership announcement with Vatom, a Web3 platform. The collaboration aims to provide immersive experiences to various industries, offering opportunities for companies looking to enhance culture using virtual reality and for brands aiming to improve community engagement. In addition, Deloitte was reportedly hired by Circle to audit its proof-of-reserves in January.
With over 1,000 applications received for the various crypto job roles at Deloitte, it is evident that there is significant interest in these positions. It remains to be seen whether the other “Big Four” accounting firms will follow Deloitte’s lead and embrace the burgeoning world of cryptocurrency and Web3.
As the accounting sector adapts to the ever-changing landscape of digital assets and blockchain technology, Deloitte’s move to hire cryptocurrency experts could very well mark the beginning of a crypto revolution within the industry. As the firm continues to invest in this emerging field, it will be interesting to see how its competitors respond and adapt to these new technologies.