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Reversing layoffs of 2022? Crypto exchanges are adding staff members

Kris Marszalek reportedly said Crypto.com planned to “slowly, thoughtfully, and strategically” add new staff members as part of plans to increase the exchange’s registered users.

Crypto.com CEO Kris Marszalek reportedly said the exchange has been adding people to its staff in a move that could increase the number of employees by roughly 1,400.

According to an April 16 Bloomberg report, Crypto.com, Binance, Coinbase, Gemini, and Kraken have been hiring team members as cryptocurrencies like Bitcoin (BTC) rally ahead of the blockchain’s halving. Many major crypto and technology companies announced significant layoffs in 2022 and early 2023 amid a market downturn, resulting in firms including FTX, Celsius, BlockFi, and others filing for bankruptcy.

Marszalek reportedly said Crypto.com had already hired 700 staff members since November 2023 and planned to onboard another 700 for customer service and corporate positions. The CEO said the addition of the staff was aimed at “slowly, thoughtfully, and strategically” supporting plans to increase its number of registered users.

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Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Crypto.com Expands Into South Korean Crypto Market

Crypto.com Expands Into South Korean Crypto MarketCryptocurrency trading platform Crypto.com is entering the South Korean crypto market with its app launch. “We spent significant time and resources tailoring our offering for this market and are honored to be the first and largest global cryptocurrency exchange to launch in South Korea,” said an executive of the crypto firm. ‘The First Product We […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Despite Crypto Uptick, Paypal’s PYUSD Stays Quiet in the Top Ten Stablecoin Race

Despite Crypto Uptick, Paypal’s PYUSD Stays Quiet in the Top Ten Stablecoin RaceIn the last day, the global trading volume has hit $203 billion, with stablecoins accounting for an impressive $133 billion of that total. Among the array of stablecoin assets tied to the U.S. dollar, Paypal’s PYUSD has emerged as a top ten player. Yet, despite the ongoing cryptocurrency market upswing, PYUSD has shown minimal activity […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Crypto.com Partners BTG Pactual to Expand Latam’s Crypto Reach

Crypto.com Partners BTG Pactual to Expand Latam’s Crypto ReachCrypto.com, a Singapore-based cryptocurrency exchange, partnered with BTG Pactual, Latam’s largest investment bank, to expand the access of Latam’s traditional customers to crypto services. The team-up entails listing BTG Dol, BTG Pactual’s dollar-pegged stablecoin, in Crypto.com’s platform, and its promotion in several significant trading pairs with bitcoin and ethereum. Crypto.com to List BTG Pactual-Issued Dollar […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Crypto.com, Bybit and Other Centralized Exchanges See Trading Volume Skyrocket in December: Report

Crypto.com, Bybit and Other Centralized Exchanges See Trading Volume Skyrocket in December: Report

New data reveals that prominent centralized exchange (CEX) platforms, including Crypto.com and Bybit, saw their trading volumes surge in December. According to blockchain reporter Colin Wu, in December, the overall spot trading volume of centralized crypto exchanges rose 27.4% month-on-month despite some of them seeing notable dips. “In December, the spot trading volume of major […]

The post Crypto.com, Bybit and Other Centralized Exchanges See Trading Volume Skyrocket in December: Report appeared first on The Daily Hodl.

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

US Crypto Firms Break New Record, Spending $18.96 Million on Lobbying in 2023: Report

US Crypto Firms Break New Record, Spending .96 Million on Lobbying in 2023: Report

US crypto firms are reportedly breaking records in terms of how much they’ve spent on lobbying in 2023. According to a new report by Reuters, the US crypto industry spent a combined $18.96 million on lobbying in the first three quarters of 2023, $2.86 million more than it spent during the same period in 2022. […]

The post US Crypto Firms Break New Record, Spending $18.96 Million on Lobbying in 2023: Report appeared first on The Daily Hodl.

Crypto sentiment index drops to October levels as Bitcoin dips under $92K