The around-the-clock cryptocurrency market is reshaping the global financial landscape, prompting hedge funds and trading firms to break traditional working hour constraints and arrange for professionals to continuously monitor trading positions over the weekend.
Headquartered in London, global quantitative investment management firm Qube Research & Technologies is currently hiring for the position of "Cryptocurrency | Quantitative Trader (Weekend Shift)" in London. This position requires candidates to be available for weekend work in addition to a four-day work week.
The responsibilities of this position include overseeing continuous cryptocurrency trading, closely monitoring strategy performance and risks, and implementing signal and dataset analysis, requiring work every other weekend while maintaining a regular four-day day shift each week.
Unlike traditional financial markets with fixed operating hours and weekends off, the cryptocurrency market operates 24/7. In this field, there are no closing bells, no holidays, and no after-hours trading periods; price fluctuations can occur at any time, even during traditional weekend hours.
Other traditional financial institutions are also expanding their weekend talent recruitment in the cryptocurrency sector. U.S. high-frequency trading firm Virtu Financial is seeking weekend traders in Singapore to cover digital asset activities outside of weekday trading windows.
Jump Trading's cryptocurrency division previously sought weekend traders in Chicago. The position is no longer visible, indicating that the company may have found suitable candidates.
As major hedge funds and trading institutions accelerate the construction of around-the-clock cryptocurrency teams and infrastructure, the demand for weekend cryptocurrency positions continues to grow.
BH Digital, a cryptocurrency-focused division under Brevan Howard, now has dozens of professionals, including over 15 portfolio managers, more than 10 data scientists/traders, and 20 external engineers supporting its strategies.
Point72, a hedge fund managed by Steve Cohen, is also actively expanding. Its quantitative trading division, Cubist, is hiring a quantitative developer focused on cryptocurrency in Paris.
A report released by CoinShares in March revealed that seven of the top ten holders of Bitcoin (BTC) ETF shares are now hedge funds. The company noted, "Hedge funds now account for 41% of all 13-F Bitcoin ETF holdings, surpassing the share of investment advisory firms for the first time."
The cryptocurrency market continues to exhibit significant volatility over the weekend. In April of this year, after U.S. President Trump announced tariff policies on a Friday, cryptocurrency prices fell sharply. The decline continued throughout the weekend, with Bitcoin dropping 7% from $83,000 to $77,000.
The cryptocurrency market is particularly susceptible to sharp fluctuations during the weekend when hacker attacks or security breaches occur. Due to lower market liquidity and limited professional staffing over the weekend, attacks carefully planned for Friday night or Saturday can trigger rapid sell-offs, leading to sharp price declines.
Notably, while hedge funds are just beginning to hire for weekend positions, seasoned cryptocurrency traders have long been accustomed to an unending work rhythm.
Altcoin trader Gordon wrote on platform X, "Weekends are for working. Free time? Nonexistent, that's work time. Save your free time for bear markets. Right now, we just need to focus and strive."
Related: Alchemy Pay partners with Backed to expand access to tokenized ETFs and stocks
Original article: “Cryptocurrency Eliminates the Weekend: Hedge Funds Quietly Compete to Adapt”
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