Top crypto firms are on a hiring spree after surviving a crypto winter replete with slashed funding and scandals.
After a brutal crypto winter marred by the implosion of FTX and the partial disappearance of venture capital funding, the crypto industry appears to be rebounding – flush with over 1,200 jobs offered mostly by Binance, Coinbase, and OKX, according to DL News.
“We are in a bull market like we’ve never experienced before — there’s going to be so much work for us from a recruiting perspective,” Sam Wellalage, founder at the digital asset recruitment firm WorkInCrypto.Global, told DL News.
The crypto industry was one of the most impacted sectors of the economy by recent tech layoffs, losing 13,500 jobs since April 2022, according to Layoffs.fyi.
Binance, the world’s largest crypto exchange, is adding 460 new hires. “This is part of our ongoing commitment towards ensuring compliance, prioritizing user-focused approaches, and driving innovations in the dynamic crypto industry,” Vishal Sacheendran, Binance’s head of regional markets, told DL News.
In contrast to this, America’s largest crypto exchange, Coinbase, is also looking to add more than 220 people across a range of departments from finance to legal. “We seek individuals who believe in the long-term potential of this technology and are committed to increasing economic freedom in the world,” L.J. Brock, Coinbase’s chief people officer, told DL News.
Other crypto-native firms are relying on celebrity power to boost their recruitment efforts. For example, Crypto.com recently crowned popular rapper Eminem the company’s celebrity spokesperson after previously appointing Matt Damon to the post in a widely-reviled ad for the Super Bowl. The company says it’s looking to bring aboard more than 330 new hires this year. “We recently announced that we had surpassed 100 million users globally and we are hiring to support this increasing market share in a thoughtful and strategic way,” a Crypto.com spokesperson told DL News.
“Since November 2023, we have welcomed hundreds of new staff members to Crypto.com, with plans for further hiring.”
Other firms looking to shore up their employee count are Luxembourg-based Bitstamp, the Seychelles-based KuCoin and OKX, and Dubai-based Bybit.
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