OKX Exchange Plans To Increase Staff By 30% Despite Market Downturn

The OKX exchange plans to increase its staff by 30% despite the recent market downturn and said that it wants to have 5000 employees so let’s read more today in our cryptocurrency news.

At a time when crypto companies are announcing layoffs and liquidity issues, the OKX exchange plans to increase its headcount by 30% according to the platform’s director of financial markets Lennix Lai. The Seychelles-based company believes that a staff of 5000 will be the right number and now the paltform is focused on increasing the headcount on product and tech while saying:

“We are gradually becoming a lot more internationalized.”

The plans to grow the exchange came amid the crypto winter which wreaked havoc on crypto markets and prompted many crypto companies and exchanges such as BlockFi, Coinbase, and Crypto.com to cut jobs. Some exchanges however are moving in the opposite direction. Fidelity digital assets plan to double its staff and Lai said that OKX will be hiring beucase of a bottleneck requiring the platform to expand.

He also said that they will offer employees a lot of flexibility to pick where they work from:

“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.”

As recently reported, F1 driver Daniel Ricciardo who races for the McLaren Formula 1 team, painted with the Seychelles-based digital asset exchange OKX with him serving as the global ambassador of the company in the 2022/23 season and leading the educational campaign for F1 fans that focused on the crypto merits. After the start of May, OKX inked a deal with Formula 1 squad to become the official primary partner and become the team’s biggest sponsor.

OKX took the collaboration a step further by joining forces with Danial Ricciardo as one of the two leading pilots of McLaren racing so apart from serving as the ambassador, the driver will support the global campaign that will aim to popularize cryptos among the F1 fans and to educate them on how to enter the crypto space. The designers will create a special edition racing helmet with the OKX logo which Ricciardo will wear during the racing season. The 2022 Monaco Grand Prix will also be the first track where the driver will show his new outfit.