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Bitgate to Grow Its Global Workforce Despite Global Crypto Layoffs

Bitgate to Grow Its Global Workforce Despite Global Crypto Layoffs

Leading cryptocurrency platform Bitgate announced on Thursday that it plans to double its global workforce despite the crypto winter and layoffs of other crypto companies across the region.

according to Press releaseIn this article, the firm plans to hit 1,000 headcount in the next six months and highlights the headcount reductions seen across major crypto exchanges amid the fall in the crypto market. This means adding 500 new employees by the end of the year, mostly focused on the product development and customer service departments.

“Earlier this year, we announced that our derivatives trading volume had reached an all-time high of $8.69 billion in March 2022. Over the past 12 months, our trading volume grew more than 10-fold, a remarkable achievement. In addition, our user base has grown to two million users worldwide,” commented Bitgate Managing Director Gracie Chen.

She continued: “Of course, we were also keen to expand our team to meet the needs of a rapidly growing market. However, we decided to take a more prudent approach from the outset. Where the resources are needed, By scheduling frequent meetings with our global and regional teams to understand this, we were able to systematically and effectively hire strategically. This will be the perfect opportunity to attract talent to the U.S. and strengthen our foundation, prioritize growth, and be ready to welcome the next round of crypto adoption when the market strengthens.”

Galatasaray. sponsorship deal with

The crypto exchange partnered with popular Turkish football club, Galatasaray, a new sporting sponsorship in February. Bitgate then agreed to sponsor the football club for the rest of the season. Capital Sports Media Group brokered the deal, but neither of them disclosed the amount involved.

Leading cryptocurrency platform Bitgate announced on Thursday that it plans to double its global workforce despite the crypto winter and layoffs of other crypto companies across the region.

according to Press releaseIn this article, the firm plans to hit 1,000 headcount in the next six months and highlights the headcount reductions seen across major crypto exchanges amid the fall in the crypto market. This means adding 500 new employees by the end of the year, mostly focused on the product development and customer service departments.

“Earlier this year, we announced that our derivatives trading volume had reached an all-time high of $8.69 billion in March 2022. Over the past 12 months, our trading volume grew more than 10-fold, a remarkable achievement. In addition, our user base has grown to two million users worldwide,” commented Bitgate Managing Director Gracie Chen.

She continued: “Of course, we were also keen to expand our team to meet the needs of a rapidly growing market. However, we decided to take a more prudent approach from the outset. Where the resources are needed, By scheduling frequent meetings with our global and regional teams to understand this, we were able to systematically and effectively hire strategically. This will be the perfect opportunity to attract talent to the U.S. and strengthen our foundation, prioritize growth, and be ready to welcome the next round of crypto adoption when the market strengthens.”

Galatasaray. sponsorship deal with

The crypto exchange partnered with popular Turkish football club, Galatasaray, a new sporting sponsorship in February. Bitgate then agreed to sponsor the football club for the rest of the season. Capital Sports Media Group brokered the deal, but neither of them disclosed the amount involved.

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Bitgate to Grow Its Global Workforce Despite Global Crypto Layoffs

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