- Crypto exchanges are back hiring.
- The spree comes as the market is heating up.
Ten of the biggest crypto exchanges have more than 1,200 job openings, with Binance, Coinbase and OKX leading the hiring spree.
The news is a testament to the optimism of the industry, which expects Bitcoin to break its March record high, spot Ethereum exchange-traded funds to launch, and venture capital investments to gain momentum this year.
Sam Wellalage, founder at crypto recruitment firm WorkInCrypto.Global, said the renewed hiring comes as crypto companies don’t want to miss out.
“We are in a bull market like we’ve never experienced before — there’s going to be so much work for us from a recruiting perspective,” he recently told DL News.
The recruitment activity marks a shift after two years of industry job cuts. Since April 2022, 13,500 crypto workers have lost their jobs, according to Layoffs.fyi.
So which crypto exchanges are hiring?
Binance
Binance is on a hiring spree.
Martin C. Grant, former chief compliance and ethics officer at the Federal Reserve Bank of New York, recently joined the board of directors of Binance’s US arm.
Moreover, Binance is looking to fill 460 open roles, the world’s biggest crypto exchange told DL News.
“This is part of our ongoing commitment towards ensuring compliance, prioritising user-focused approaches, and driving innovations in the dynamic crypto industry,” Vishal Sacheendran, Binance’s head of regional markets, told DL News.
Coinbase
Coinbase currently lists 224 roles on its website, ranging from legal and compliance roles, to finance and accounting roles.
“We seek individuals who believe in the long-term potential of this technology and are committed to increasing economic freedom in the world,” L.J. Brock, Coinbase’s chief people officer, recently told DL News.
Bybit
Despite setbacks including the French securities regulator warning customers against using Bybit, the company is still looking to increase its headcount.
The crypto exchange has 69 roles open according to its website. They range from sales and marketing to engineering.
“The recent bullishness in the market, marked by the approval of Bitcoin and Ethereum spot ETFs, aligns with our vision of mass adoption of cryptocurrencies,” a Bybit spokesperson told DL News. “This positive trend reinforces our commitment to investing in talent that can help us capitalise on emerging opportunities within the burgeoning Web3 development.”
OKX
Hot on the heels of OKX becoming a validator on the Chiliz blockchain, the fourth-biggest crypto exchange is now looking to boost its headcount by filling 414 open positions listed on its website.
Among other areas, OKX is looking to bolster its finance, HR and fraud risk departments.
Crypto.com
Crypto.com recently made rapper Eminem its celebrity spokesperson, taking up the mantle from Oppenheimer star Matt Damon.
And it is looking to make even more hires. The exchange has 335 job openings according to its website.
“We recently announced that we had surpassed 100 million users globally and we are hiring to support this increasing market share in a thoughtful and strategic way,” a Crypto.com spokesperson told DL News.
“Since November 2023, we have welcomed hundreds of new staff members to Crypto.com, with plans for further hiring.”
Bitget
Bitget has 106 job openings according to its LinkedIn page.
Among other roles, it is looking to bolster its marketing and web3 development teams.
Bitstamp
Luxembourg-headquartered Bitstamp has six roles open on its website.
It is looking for a legal counsel, a compliance officer and a head of markets and risk operations, among other roles.
KuCoin
Seychelles-headquartered KuCoin has nine roles listed on its website.
Its more notable recruitment efforts include the search for a senior compliance manager in Turkey and a regional compliance officer in France.
Gate.io
While the South China Morning Post suggests Gate.io has withdrawn its virtual-asset trading platform licence application in Hong Kong, the exchange is still looking to hire.
Gate.io has 37 job openings according to its LinkedIn page.
HTX
HTX has seven openings according to its LinkedIn page, including for an operations manager in Russia and a senior compliance officer in Hong Kong.
OKX, Bitget, Gate.io, KuCoin, Bitstamp, and HTX did not return requests for comment.
This story has been updated to include Bybit’s comments.
Eric Johansson is DL News’ News Editor. Got a tip? Email on eric@dlnews.com.
