Rowing against the current is what it means to do this. The exchange Bitget wants to increase hiring over the next six months in order to reach a workforce of 100 employees, despite the fact that the market is usually slow and hiring is frozen at most businesses, in addition to the fact that many cryptocurrency firms have announced layoffs.
Massive hiring is expected for Bitget.
The Singapore-based exchange disclosed its hiring strategy last Thursday, saying that despite the ongoing doom in the market, it should be able to achieve 1,000 people by the end of the year.
In spite of the situation of the industry, Bitget’s business has actually grown during the last 12 months. According to Bitget’s CEO, Gracy Chen, we previously announced that our derivatives trading volume would reach an all-time high of $8.69 billion in March 2022. Our trade volume has surged by more than ten times in the last year. Additionally, our user base has increased considerably to two million individuals globally.
As a result, Bitget’s derivative trading volume had almost surpassed $9 billion, even as the market for crypto assets as a whole started a slow and painful decline. Thus, Bitget will have been among the select few businesses in its sector that experienced sound financial conditions during this time of widespread industry decline.
Blatantly quick increase
It should be noted that the Bitget team totaled just 150 individuals at the start of 2021, which can be used to gauge the amount of the ambition shown by the company through this recruitment strategy. This staff has already tripled after a year and a half, so the business expects to hire slightly over 500 people by the end of the year. Product development and customer support are two areas that Bitget is looking to hire.
Despite the fact that we are still experiencing the cryptocurrency winter, Chen has an explanation for how we plan to hire so many people: “Although we are still experiencing the cryptocurrency winter, it will be a perfect opportunity for us to attract talent in the market and strengthen our foundations, prioritize growth, and be ready to welcome the next round of crypto adoption when the market recovers.
