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, 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."

Gyth L. - Crypto Analyst

by Gyth L. - Crypto Analyst, BitDegree