Crypto derivatives exchange Bitget plans to double its staff in the next six months, despite the unfavorable market situation. This is stated in the press release.

“As we continue to navigate the crypto winter, this will be a great opportunity to attract talent and strengthen our foundation, prioritize growth and be ready to adopt the next cryptocurrency when the market recovers,” said Gracie, managing director of the exchange. Chen.

At the beginning of 2021, Bitget had 150 employees. By mid-2022, the team had tripled, and the company plans to hire around 500 employees by the end of the year. The focus will be on product development and customer service professionals.

Earlier, the decision to continue hiring employees at Bitfinex and Tether was announced.

Binance CEO Changpeng Zhao described the crypto winter as the right time to expand staff and further develop the business through various acquisitions.

Ripple is on a similar path, announcing the opening of an engineering center in Toronto and 50 vacancies. The company also announced that it plans to hire “hundreds of people.”

Recall that in June, Chris Marszalek, CEO of Crypto.com, announced his intention to lay off about 260 of his employees. According to some reports, Bybit will also cut the roster.

Optimization BitMEX, Robinhood, Gemini, Bitso and Brazilian exchange Mercado announced as parent companies of Bitcoin. European crypto broker Bitpanda announced the layoffs of 730 employees.

Coinbase has decided to cut staff by around 18%, while crypto lending platform BlockFi has decided to cut staff by 20%.

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