The frontrunners in the crypto internal market
Students and otherwise inexperienced crypto-enthusiasts will have been dismayed by the downturn in the job market over the past year.
Graduate schemes and internships in crypto are few and far between, but two major players are very positive about crypto interns. These two firms are Binance and Ripple.
Ripple’s internship program
Blockchain payments fintech Ripple has been running the early-career scheme for several years now, and a bear market doesn’t seem to be stopping them.
A number of Ripple interns have gone on to full-time positions at the company. These include Senior Engineer Amy Zou and Full Stack Engineer Emily Hansen.
Ripple is currently hiring interns for 21 different positions across its various departments. 10 of these are in the engineering department, although there are other interesting opportunities outside of it, including for quant traders.
The specifics differ from department to department, but crypto internships usually last 12 weeks with the possibility of extension. You will be given a mentor and an intern buddy, and then work on dedicated products that you can showcase at the end of the scheme.
Company reviews for Ripple on the forum Blind in 2023 average four stars. A major source of praise is its work-life balance, with one review calling it “a pretty relaxing place to work.”
Binance Accelerator Program
Binance went through a bit of a rough update in December, then suspended the pullback and suffered a lot of backlash because of it. Since then it has been quieter. 🤞
The firm has 14 open internships, although the composition of the roles is significantly different from Ripple.
There are of course a few engineering roles, four to be exact, but the internal space at Binance is dominated by product and marketing roles. Among them is a “creative program executive” with a focus on “swag” and merchandise.
Binance is not as transparent as Ripple about what their arrangement entails. They say it will be a three to six month deployment with a “focus on networking and development”. It is not clear whether it wants to hire interns after completing the scheme.
Blind reviews in 2023 for Binance average 2.9 stars. Common among the criticisms is the heavy workload. One review claims you need to work “a minimum of 50 hour weeks to be a top performer.” 💪💪
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