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Crypto Exchange OKX to Boost Its Team by 30% Despite Crypto Turmoil

Crypto Exchange OKX to Boost Its Team by 30% Despite Crypto Turmoil

Despite the current crypto market turmoil, OKX is boosting its headcount significantly.

OKX, one of the biggest Seychelles-based crypto derivatives trading exchanges in the world, has recently announced that it would be expanding its team by 30% to reach a total of 5000 workers.

The news comes after many crypto-driven organizations, including Crypto.com, Coinbase, Gemini, Robinhood, BlockFi, and Rain Financial, are laying off a significant number of people and leaving them unemployed.

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Lennix Lai, OKX director of financial markets, mentioned that OKX is slowly establishing necessary conditions that will allow the company to access the international market. For now, the crypto platform is looking for talents that can fully operate in the product and technology fields.

Lai also shared the idea of whether there is a possibility for employees to work remotely from their homes. According to him, even though the company believes in flexibility and freedom, it “still encourages employees to actually come to the office, have a meeting or have tea and have a real-time discussion with the team.”

In fact, OKX is the latest to join the small list of exchanges welcoming new people into their teams. For instance, the world’s largest crypto exchange Binance has recently shared its plans to employ 2000 additional workers in different fields, including engineering and marketing. Meanwhile, Kraken and Fidelity Digital Assets are also following in Binance’s footsteps and looking to fill their free job vacancies.

Likewise, earlier in June, the Financial Industry Regulatory Authority (FINRA) mentioned that people who suffered from a layoff might get some working opportunities at the regulatory watchdog that oversees various brokerage organizations.

On top of that, OKX earlier noted that it’s also looking to achieve gender balance in the workspace, as 60% of employees are men, adding that diversity is one of the most important values that the company cherishes:

“This level of commitment to diversity is important for us to create a more inclusive financial system that creates a level playing field for everyone.”

In other news, earlier in March, an English-based football club dubbed Manchester City formed a partnership with OKX that reportedly helped both align "shared values of innovation" and "drive for success."

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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