• Kucoin and OKX, the major crypto exchanges, have no plans to make major changes to their recruitment plans for their platforms. In addition, they are constantly progressing by providing new job posting flows.
  • Especially with the ongoing declines in the crypto market, Coinbase pushed back its expansion plans on this issue. Therefore, other crypto exchanges were pushing ahead with their plans.

KuCoin CEO Johnny Lyu has made some statements about this issue. In its statement, it stated that they accept the current market situation for its exchange, but has no plans to make major changes to its hiring strategy for this year.

The CEO also explained that the current situation in the crypto market is “on the backdrop of a global economic crisis and that there is a difference between these declines. He also stated that stock markets, like any economy, can never experience long-term stability, and said that this crisis is normal, like periods of decline and growth.” For this reason, he also announced that they are not planning a different change in recruitment in 2022. He added that they will prioritize the improvements focused on the conditions and work of the employees.

  • This year, KuCoin moves forward with its decision to accelerate its global expansion. In addition, according to the CEO, recruitment is currently underway to fill the international position.

Reflections on Recruitment Plans Continue to Be Revealed

The platforms are currently recruiting many international talents. In addition, CEO Lyu highlights the importance of people hired for user experience for the future development of the platform. KuCoin continues to recruit newfound talent to expand its services, drive new market penetrations, and create value for more users.

  • Meanwhile, Linda Tse, OKX’s Global Talent Acquisition Leader, revealed in her statements that there will be no reduction in hiring this year.
  • Thoughtful in ensuring the company is properly recruited, the organization continues its plan to provide a total global workforce of up to 5,000 employees. Linda Tse also said in her statements that over the next twelve months, hiring for OKX will focus on product design, engineering, and marketing.
  • The institution, which continues to improve the user experience, has also announced that they need enthusiastic and disciplined people in these areas. They also make sure they are members of the platform to provide support for first-time crypto visitors.
  • OKX is a platform that serves approximately 20 million users from 200 countries and regions. As employment-oriented social media platform LinkedIn states in its report, the focus is on recruitment in the cryptocurrency industry. In this period of intense recruitment, an increase of 73% was achieved in the USA, especially between 2019 and 2021.

According to the latest statements, Coinbase has decided to freeze recruitment for two weeks. The company has put new business projects on hold as its shares have fallen more than 75% in the last six months. It also aimed to reduce cloud spending on Amazon Web Services. Different cost-cutting plans will also be provided due to reduced revenue.



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