- Main event, leadership changes, market impact, financial shifts, or expert insights.
- OKX responds to talent poaching with a new policy.
- Policy aims to retain employees and promote integrity.
On October 29, OKX President Hong addressed how ‘Certain An’ competitors have been poaching employees, revealing OKX’s response with a new ‘Competitive Offer Policy.’
This policy aims to retain top talent, emphasizing OKX’s commitment to integrity and professionalism without impacting market operations like trading competitions, maintaining stable engagement.
OKX’s Retention Strategy: Counteroffers and Exit Packages
OKX’s new initiative aims to retain employees, offering them a chance to compare external job offers for competitive counteroffers. If OKX can’t match the offer, it provides a generous exit package. This highlights the increasing importance of competitive retention strategies in the crypto sector.
Employees who have joined OKX from competitors received significant pay raises, sometimes between 100%–500%, reinforcing OKX’s commitment to attract and retain talent. Industry observers note the strategic positioning of OKX amidst this growing industry.
“OKX now implements a ‘Competitive Offer Policy’: If our employees receive offers from other companies, they can submit it to HR. The Talent Committee will decide whether we can improve our offer.” — Hong, President, OKX
Community reactions are positive, with industry leaders focusing on OKX’s proactive approach. Hong’s message emphasized OKX’s commitment to professionalism and integrity while inviting visionaries to join their mission. The professional community largely supports OKX’s strategy to create a strong, loyal workforce.
Poaching in Crypto: Historical Context and Economic Implications
Did you know? Aggressive talent competition among crypto exchanges is not uncommon. Previous cycles saw exchanges like Binance and Huobi actively recruiting from each other, often resulting in temporary market volatility.
According to CoinMarketCap, OKB is trading at $165.93, with a market cap of $3.48 billion. It has seen a 247.02% increase over the past 90 days, despite a recent 13.40% drop over 30 days. The 24-hour trading volume stands at $49.57 million.
Coincu research suggests this HR policy could stabilize OKX’s operational reliability, reducing disruption risks. Historical data shows such strategies often result in improved internal dynamics, possibly enhancing OKX’s market position in the long run.
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