Hedge Funds Embrace Weekend Crypto Trading as 24/7 Markets Expand
Summary
The crypto market operates 24/7, prompting hedge funds and trading firms to hire for weekend roles. Qube Research & Technologies is seeking a “Crypto | Quant Trader (Weekend Shift)” in London, requiring weekend availability alongside a four-day workweek. Other firms, like Virtu Financial and Jump Trading, are also expanding weekend trading positions. Major hedge funds, including Brevan Howard and Point72, are building dedicated crypto teams. Hedge funds now hold 41% of Bitcoin ETF shares, surpassing investment advisers. Weekend volatility in crypto markets can lead to significant price drops due to thinner liquidity and potential hacks. Traders emphasize the need for continuous work in this environment.
