KuCoin is about to extend its workforce by 30% regardless of the bear market affecting quite a few cryptocurrency firms.
KuCoin’s CEO Johnny Lyu advised CoinDesk by way of Telegram on Monday that the cryptocurrency trade is about to rent 300 staff quickly. This newest improvement comes as some crypto firms downsize their workforce to deal with the bear market.
Lyu said that;
“KuCoin has not diminished employees and doesn’t plan to take action. We’re one of many few crypto platforms that proceed to develop by counting on an efficient enterprise technique, specializing in releasing new merchandise and sustaining a wholesome environment in our staff.”
He added that KuCoin is doing every thing attainable to spice up the productiveness and motivation of staff whereas additionally increasing in just a few areas.
The cryptocurrency trade just lately hit 1,100 staff, and Lyu stated they’re within the strategy of hiring 300 extra.
That is attainable because of the $150 million the corporate raised in Could. KuCoin is now valued at $10 billion following the funding spherical two months in the past. Lyu added that;
“We imagine that our wager on progress in instances of market turbulence is the one right determination that helps us preserve a excessive bar. Any conversations asserting the alternative needs to be thought-about untenable.”
The KuCoin CEO assured traders and customers that the trade would proceed to work to draw a number of the greatest abilities available in the market. KuCoin believes that expertise is the important thing to remaining aggressive within the crypto house, he added.
KuCoin is at present one of many main cryptocurrency exchanges on the planet by way of every day buying and selling quantity. In accordance with the info obtained from Coinmarketcap, KuCoin processes over $800 million in every day buying and selling quantity.
KuCoin’s growth comes at a time when different exchanges are struggling. Coinbase laid off 1,100 staff final month because of the bear market.
Banxa had additionally laid off 70 staff whereas Houbi stated it plans to chop down its workforce by 30% quickly.