India’s foremost crypto-unicorn CoinDCX has accelerated its pace of hiring to meet the growing demand of its rapidly expanding user base. Last month, the platform achieved a new milestone when the number of users crossed more than 10 million [1 crore] from 140k at the end of 2020.
Mudita Chauhan, head, of human resources at CoinDCX, said that there has been a significant increase in the number of people being onboarded within a year. “As the business scales up, we shall see a significant rise in headcount. Next year we should be more than double where we are today and the trend should continue over a period of time,” said Chauhan.
“The huge visibility around crypto trading is pulling a lot of young people into the industry. But the underlying potential of blockchain technology and its use case not just for cryptocurrency trading and in the financial industry, but across other industries is also contributing to the heightened interest in the sector.”
As a matter of fact, hiring particularly in crypto exchanges has been focused on areas such as developers, trade operations, customer service, risk, compliance, and engineering.
Crypto firms on a massive hiring spree
Despite the current market upheaval, cryptocurrency exchange sees “enormous product opportunities ahead for the future of Web 3.” U.S. biggest cryptocurrency exchange by trading volume, Coinbase is looking to take in up to 2,000 people this year as it seeks to take advantage of opportunities in the development of Web 3 and other areas, Chief People Officer L.J. Brock said in a blog post on Feb.15.
The platform, as per the announcement post, is working to expand its product, engineering, and design teams
Just a month ago, leading crypto exchange Kraken’s chief legal officer Marco Santori via Twitter set an ambitious goal of doubling the size of his team- to hire 30 lawyers in three months. Santori said he already ‘raided Wall Street’ for regulatory talent and now wants to onboard lawyers.
The competition is not only fierce but historically fierce. I don’t think the lawyer market has ever been this tight, period, full stop,” he said.
