Fintech company Revolut plans to increase its crypto-focused workforce by 20%. – Latest News

Revoluta British fintech company, plans to hire crypto experts in the UK, US and Europe over the next six months. The company currently advertises for 13 industry-related positions, including software engineers, cryptocurrency law professionals, and financial compliance and crime prevention experts.

Expanding its crypto offering in the face of growing interest from cryptos

According to Bloomberg, Revolut has already hired 43 staff members specializing in cryptocurrencies in 2022. This increased the size of his team crypto by 200%. Overall, the company has 230 open positions.

This wave of hiring aims to help Revolut to expand its cryptocurrency offering. Revolut currently operates as an exchange for trading over 80 digital assets. It also allows to earn cryptocurrencies by rounding up the currency during daily purchases and to earn money when they learn about cryptocurrencies on its platform. Also, the app has recently added 22 news cryptos to its trading service, including the coin APE.

The general manager of the crypto of RevolutEmil Urmanshinsaid : “We consider the crypto as a long-term game and remain optimistic about the industry of crypto. The crypto currently accounts for 5 to 10% of the global revenues of Revolut. »

Bonuses: Binance enlists Mastercard to launch a prepaid crypto card in Argentina.

Since the Covid-19 epidemic, the activities of crypto and shares of the firm exploded. UK customers buying cryptocurrencies increased by 290% between July 2020 and July 2021, and a further 30% in July 2022. The volume of transactions between each epoch increased by 800% and 50%respectively. In July 2021, Revolut was valued at $33 billion, making it the most valuable fintech company in the UK.

The company proves to be winter hardy crypto

Revolut stands out from other players in the sector who have made layoffs during the bear market. In particular, Coinbase and OpenSea were forced to lay off 18% and 25% of their workforce respectively. Both companies admitted to overhiring in 2021, when bargaining activity was higher at both companies.

However, Binance took safety measures during a bull market in anticipation of a downturn. The CEO Changpeng Zhao announced that the company would hire more than 2,000 positions in June. For its part, the fintech company has now 13 open positions related to the crypto industry.

To discover : Portuguese banks stop providing services to cryptocurrency exchanges.

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Fintech company Revolut plans to increase its crypto-focused workforce by 20%. – Latest News


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