Cryptocurrencies
Crypto Exchanges Boost Hiring in Wake of Coronavirus Crash
- Binance, Kraken, Coinbase add staff while jobless claims soar
- Bitcoin halving and the Covid-19 epidemic are fueling interest
A Bitcoin sign is displayed at the Coinbase office in San Francisco.
Photographer: Michael Short/BloombergThis article is for subscribers only.
As speculation abounds around whether Bitcoin is poised for another bull run, a slew of crypto exchanges are embarking on hiring sprees while job losses are soaring.
Kraken LLC said on Monday that it had been planning to hire 250 staffers this year, but will instead recruit 350. Binance Holdings Ltd., which has more than 1,000 employees, expanded its workforce by 25% in the first quarter and is beefing up its team supporting Binance Pool, a new mining operation launched in April. Exchange OkEx, also with a workforce of more than 1,000, said it will announce a global hiring initiative in May. Coinbase Inc. lists dozens of openings.