Cryptocurrency
Crypto Exchanges Boost Hiring in Wake of Coronavirus Crash
As reported on Bloomberg, “As speculation abounds around whether Bitcoin is poised for another bull run, a slew of crypto exchanges are embarking on hiring sprees while job losses are soaring. “Kraken LLC said on Monday that it had been planning to hire 250 staffers this year, but will instead recruit 350. Binance Holdings Ltd., which […]
As reported on Bloomberg, “As speculation abounds around whether Bitcoin is poised for another bull run, a slew of crypto exchanges are embarking on hiring sprees while job losses are soaring.
“Kraken LLC said on Monday that it had been planning to hire 250 staffers this year, but will instead recruit 350. Binance Holdings Ltd., which has more than 1,000 employees, expanded its workforce by 25% in the first quarter and is beefing up its team supporting Binance Pool, a new mining operation launched in April. Exchange OkEx, also with a workforce of more than 1,000, said it will announce a global hiring initiative in May. Coinbase Inc. lists dozens of openings.
“Many cryptocurrency exchanges and adjacent businesses — those that lend money to the exchanges or secure users’ deposits — are revving up recruitment in anticipation of greater interest from investors thanks to the so-called Bitcoin halving in May, when rewards issued to computers supporting the network will be slashed in half. Past halvings have resulted in Bitcoin bull runs…”