Key Points:
- Cryptocurrency exchange Bitget plans to hire 300 more employees across multiple divisions within the company.
- This comes after the Q1 2023 operating report recorded 8% growth quarter-on-quarter for spot trading and a 27% increase for futures trading.
- Bitget has a lot of activity moving forward despite much market volatility in April.
According to Forkast, Seychelles-based cryptocurrency exchange Bitget said Wednesday that it plans to hire 300 more employees for operations, compliance, research and development, and support departments.
According to Bitget’s first quarter report, the company has about 1,300 employees. Unlike many exchanges that have laid off employees during the “crypto winter,” Bitget announced last November that it wanted to increase staffing by 50%.
In its quarterly report, the company said its spot trading volume hit $59 billion in the first quarter of 2023, up 8% from the previous quarter. Futures trading volume reached $658 billion, up 27% month-on-month.
The company also says it has generated around $41 million in profits through copy trading, which allows investors to follow other professional traders for the same position.
The five-year-old exchange, which claims to have over 8 million users in 100 countries, launched a $100 million Asia-focused fund last month to support the development of blockchain projects, money electronic, and irreplaceable tokens.
While the cryptocurrency market was volatile in April, Bitget moved forward as it expanded its global footprint, generating insights into mainstream adoption and enhancing the utility and value of Biget’s native token (BGB) with a new roadmap and updated white paper.
It has established the $100 million Web3 Foundation to support pioneering crypto projects. The exchange has completed crypto registration in Lithuania, allowing the exchange to expand its services to new regions and users worldwide.
The exchange received a strategic investment of $10 million from Dragonfly. These are important steps forward in our goal to expand access to cryptocurrencies for users around the world and support our work to build a robust and safe platform.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
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Source: https://news.coincu.com/188245-bitget-hire-300-after-positive-report/