Cryptocurrency Exchange Blockchain.com It plans to expand its staff by 25% already in the first quarter of 2024, due to the intention to enter new markets. According to Bloomberg, the company's chief executive officer, Peter Smith, said that the exchange's services will be available in Nigeria and Turkey. For the successful implementation of this plan, Blockchain.com She invited Curtis Ting, the former head of global operations at Kraken, to a senior position.
The main center of the company will be located in Paris, and under the management of Ting, local offices will be established in different European countries, taking into account local rules and regulations. Currently, all operations are Blockchain.com In Europe, they are carried out through a single structure located in London.
According to Peter Smith, at the moment the crypto exchange employs about 300 employees, but it is planned to increase their number by 25% due to expansion into new markets. This decision was made in light of the recovery of the crypto industry, which is actively recovering from a major collapse in November 2022.
Peter Smith also stressed that the crypto exchange's revenues are growing rapidly, even faster than before. But he did not provide specific figures.
Previously, Blockchain.com It attracted investments of $110 million from Kingsway Capital, Freeman Capital, Coinbase Ventures and other companies, and the exchange's valuation after this round was $7 billion. This figure is 50% less than a year earlier, when the exchange had to reduce staff and salaries due to losses of $270 million related to the bankruptcy of the hedge fund Three Arrows Capital.
In the context of cuts in some other cryptocurrency companies, such as OpenSea and Parity Technologies, the management Blockchain.com He considers his decision to expand and increase the staff a strategic step for investing in the future.
