In 2000, Goldman Sachs, one of the US’s most significant cash equities trading desk, had 600 traders. In 2017, only two equity traders were operating the floor, supporting automated trading programs. Two hundred computer engineers, in return, found new positions at Goldman Sach’s New York headquarters.
Unlike traditional markets, crypto trading market has not had to go through the whole evolutionary process. Invented at the peak of the computer age, crypto trading bots have integrated with it, without much disruption.