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Discover Financial Planning a 'Roadmap' for Crypto, Blockchain Products

The third-largest U.S. credit card company is on the hunt for a crypto products strategist.

Updated Dec 11, 2022, 1:51 p.m. Published Mar 2, 2021, 9:37 p.m.
David Nelms, CEO at Discover Financial
David Nelms, CEO at Discover Financial

Discover Financial is planning to break into the crypto space with a suite of yet-to-be-developed digital currency products, according to a new job posting.

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The third-largest credit card brand in the U.S. on Tuesday began searching for a Blockchain & Digital Currency Product Manager to sketch out its crypto roadmap. This new strategist positionhttps://jobs.discover.com/job/12373696/product-manager-blockchain-digital-currency-remote/ will be tasked with identifying opportunities in crypto, educating C-suite suits on the tech and managing rollout, the listing said.

It is unclear how Discover might try to leverage its 57 million cards for crypto. Indeed, the Tuesday posting for an early-stage blockchain strategist makes clear that any corporate plans are still in the works. The position’s exceptionally broad mission only serves to underline that Discover could take its roadmap in any number of ways.

"We are closely monitoring this rapidly evolving market and any regulatory developments as we want to ensure they provide strong consumer protections and allow us to best serve our customers," Discover spokesman Robert Weiss told CoinDesk.

He said Discover does not currently allowed brand cards to be used for cryptocurrency purchases.

At the very least, the position signals Discover does not want to be left behind in the traditional financial services industry’s race toward cryptocurrencies. Its financial services competitors have already jumped well ahead, with Visa and Mastercard both planning to integrate cryptos directly on their far-larger card networks.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Bitcoin stuck near $88,000 as gold's and silver's record-breaking rallies show exhaustion signs

Bitcoin (BTC) price on Jan. 26 (CoinDesk)

"Gold and silver casually adding an entire bitcoin market cap in a single day," wrote one crypto analyst.

What to know:

  • Bitcoin is off its worst levels of the weekend, but still near the year's low at $87,700.
  • Facing the same news cycle as crypto, precious metals continued to surge higher, but a quick retreat from their highs on Monday suggested a bit of exhaustion was setting in.
  • Analysts remain dour on the outlook for crypto prices given the looming government shutdown as well as delays in passage of the Clarity Act.