Several major crypto companies have commenced a new wave of recruitment amid sour market conditions.
Major crypto exchange Kraken is leading the crypto recruitment charge with 650 new positions added over the past week in the US and the UK. The positions are all full-time and remote, according to a recent study by blockchain jobs site Crypto Jobs List.
The report detailed that Kraken is hiring for roles in various departments, which include IT, engineering, administrative, human resources, marketing, advertising and public relations, legal, finance, and sales.
Circle, the company behind the popular stablecoin USD coin (USDC), has the second-highest number with 159 new full-time, remote job ads posted over the past week. Almost two-fifths of the jobs are related to marketing, with other positions including Sales, IT, Finance, Management, Product Management, and Project Management.
According to the report, Jack Dorsey’s Square is third with 119 new job ads, more than 85% of which are advertised as remote positions. The company is mainly on the lookout for engineers and developers but is also looking to make new hires in the marketing, creative, and design departments.
Moreover, 562 crypto job ads overall have been posted in the UK over the past week, around 44% of which are remote positions. Almost 30% of the job ads are seeking software engineers, while other in-demand roles include product managers, blockchain developers, marketing managers, and recruiters.
Meanwhile, a separate report by Bloomberg claims that Coinbase aims to expand its presence in Europe with new recruitments, which comes shortly after the exchange cut down its workforce by around 18%, or 1,100 employees.
According to Nana Murugesan, Coinbase’s vice president of business development and international, the crypto exchange aims to register in new markets including Italy, Spain, France, and the Netherlands.
“In all these markets our intention is to have retail and institutional products,” Murugesan reportedly said. “It’s almost like an existential priority for us to make sure that we are able to realize our mission by accelerating our expansion efforts.”