Singapore-based crypto exchange Bitget increases staff despite the bear market

Photo - Singapore-based crypto exchange Bitget increases staff despite the bear market
While many companies are forced to fire specialists amid the crypto winter, one of the world’s largest platforms for trading crypto assets, Bitget, is going to double the number of employees by the end of this year.
The drastic decline of the crypto market marked the second quarter of this year. The ongoing downturn in activity, combined with investor wariness and frustration, has led to layoffs at numerous local and global crypto companies. However, Bitget plans to increase the number of employees by several times. The uncertainty prevailing in the sphere did not become an obstacle to developing and forming a powerful, stable financial flow.


In the last 12 months, our trading volume grew by over 10 times, a notable achievement unlocked, moreover, our user base also grew significantly to two million users worldwide.
said Gracie Chen, who was appointed managing director of the company in early June.
Analyzing the work results, the exchange reported on the volume of derivatives trading, which broke all records. So, in early spring, it reached $8.69 billion.
At the start, the exchange team consisted of 150 specialists. It was replenished in a year and a half with another three hundred workers. To justify users’ confidence and meet the crypto market’s demands, the company plans to expand its staff to 1,000 employees by the end of the year.
The exchange is expected to recruit promising and talented members to prepare for the post-crypto winter market recovery. Special attention in recruiting new employees will be given to professionals in customer service and product development.