OKX will increase its workforce by 30% despite the market downturn

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OKX will increase its workforce by 30% despite the market downturn

OKX will increase its workforce by 30% despite the market downturn
Source: Coindesk
Source: CoinDesk
1656497992 29 Jun / 10:19

When many cryptocurrency exchanges are announcing employment freezes and layoffs, OKX expects to raise its personnel by 30 percent, according to Lennix Lai, director of financial markets for the platform.

Lai stated on Monday's episode of CoinDesk's "First Mover" show that the Seychelles-based business feels 5,000 employees would be the optimal amount.

The bitcoin platform is now "mostly focused on increasing our headcount on product and tech," he added. "We are gradually becoming a lot more internationalized."

A crypto winter that has caused havoc on the cryptocurrency and equities markets has prompted exchanges including Coinbase, Crypto.com, BlockFi, Gemini, and Rain Financial to lay off employees.

Nonetheless, some transactions are occurring in reverse. For instance, Fidelity Digital Assets intends to increase its workforce.

Lai stated that OKX is hiring because “several bottlenecks” need the platform’s expansion.

Regarding remote work, he stated that the firm allows employees “a great deal of flexibility and freedom to choose where they work,” while OKX prefers that staff work in the office.

Lai stated, “We still encourage our employees to actually come to the office, have a meeting or have tea and have a real-time discussion with the team.”

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