Bitget: Workforce Doubles Despite Crypto Winter

Bitget, the world’s leading platform for trade of digital assets, its workforce is expected to double to 1,000 in the next six months, despite the current market downturn. Since the beginning of the second quarter of 2022, the global cryptocurrency market has been in a downward trend, which has led to the interruption of many ongoing projects and initiatives in the sector. In light of the volatility, negative market sentiments have also led to staff reductions at multiple crypto operators around the world, due to rapidly changing economic conditions, as well as over-hiring and poor staffing.

For Bitget, the world’s leading derivatives platform has seen phenomenal growth and cash flow despite uncertain market conditions. Recent market sentiment has not stopped the platform from improving its offerings and ensuring that growing user needs are met. At the beginning of 2021, Bitget had a small team of 150 people and since then it has tripled its workforce by mid-2022. To cope with the significant growth, Bitget is accelerating its recruitment plan to lay the groundwork for new developments.

Speaking about the recent situation, Bitget CEO Gracy Chen said: ” Bitget is present in more than 50 countries around the world and has also experienced unprecedented growth. Earlier this year, we announced that our derivatives trading volume reached an all-time high of $8.69 billion in March 2022. In the past 12 months, our trading volume has increased by more than 10, which is remarkable, and our user base has also grown significantly, reaching two million users worldwide.

She added: ” Of course, we were also eager to expand our team to meet the rapidly growing needs of the market, but we decided to be more cautious from the start. By scheduling frequent meetings with our regional teams around the world to understand where resources are needed, we have consistently and effectively executed our recruiting strategies. We want to strengthen our presence in each region, recruit local talent, expand our business, expand our product development and customer service, etc. As we continue to weather the crypto winter, this will be a perfect opportunity for us to attract talent to the market and strengthening our foundations, prioritizing growth and being ready to welcome the next round of crypto adoption when the market gains momentum again.

Going forward, Bitget plans to expand its presence by more than 1,000 employees, which equates to approximately 500 new hires by the end of the year, mainly in the areas of product development and customer service. As a global cryptocurrency operator, it is essential to have regular updates to ensure that the platform works properly and most importantly that it is compatible and protected from hackers and viruses. Moreover, product innovation is one of the main pillars of Bitget, as shown in particular by the flagship product under the concept of social tradethe copy trade at the click of a button, the product development team will be crucial in supporting the expansion of Bitget’s offerings.

Sandra Lou, CEO of Bitget, concluded by saying:We have experienced phenomenal growth in the past year and Bitget is now in the top 5 of derivatives trading in the world in a short space of time. By our motto “ Act betterBetter life“, we will maintain our commitment to our community and ensure that our developments are in line with industry standards, while striving to provide an excellent experience for our users. We plan to expand our team to meet the growing market needs. meet and prepare for the next up-cycle.

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