Bitget Intends To Quadruple Its Personnel To 1,000 Over The Following Six Months

Despite the current market slowdown, Singapore-based cryptocurrency exchange Bitget wants to expand its workforce to 1,000 employees over the next six months, it announced in a news release on Thursday.

The total crypto market has been declining since the start of the second quarter, which has resulted in the cancellation of many projects and workforce cutbacks at numerous international crypto operators.

Despite less than ideal market conditions, Bitget, which was established in 2018 and provides its users with crypto copy trading, has been expanding and producing a substantial cash flow.

Managing director of Bitget, Gracy Chen, said: “Earlier this year, we announced our derivatives trading volume had reached an all-time high of $8.69 billion in March 2022. In the last 12 months, our trading volume grew by over 10 times … moreover, our user base also grew significantly to two million users worldwide.”

Bitget had a team of 150, achieving a threefold increase by mid-2022

Moving forward, the company aims to make about 500 new hires by the end of the year, mostly in the product development and customer service fields.

Chen added: “As we continue to endure the crypto winter, it will be a perfect opportunity for us to attract talent in the market and strengthen our foundation, prioritize growth and be prepared to welcome the next round of crypto adoption when the market regains strength.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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