Bitget: Workforce Doubles Despite Crypto Winter

Bitget, the world’s leading platform for trade From digital assets, it is expected to double its workforce to 1,000 employees in the next six months, despite the current slowdown in the market. Since the beginning of the second quarter of 2022, the global cryptocurrency market has been in a downtrend, which has brought many projects and initiatives underway in this sector to a halt. In the face of the volatility, negative market sentiment has also led to a reduction in the workforce of many crypto operators around the world, due to rapidly changing economic conditions, as well as over-staffing and weak staffing.

For Bitget, the world’s leading derivatives platform has seen massive growth and cash flow despite uncertain market conditions. Recent market sentiment has not prevented the platform from improving its offering and ensuring that it meets the growing needs of its users. At the beginning of 2021, Bitget had a small team of 150 people and has since tripled its workforce by mid-2022. To handle significant growth, Bitget is accelerating its staffing plan to lay the groundwork for upcoming new developments.

Regarding the latter situation, Bitget CEO Gracie 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. Over the past 12 months, our trading volume has increased by more than 10, which is great, as has our user base. Also significantly, reaching 2 million users around the world. »

She added: Of course, we were also keen to expand our team to meet the needs of a rapidly growing market, but we decided to take a more cautious approach right from the start. By scheduling frequent meetings with our regional teams around the world to understand where resources are needed, we have implemented our staffing strategies consistently and effectively. We want to strengthen our presence in each region, recruit local talent, expand operations, develop products and customer service, etc. As we continue to endure the crypto winter, this will be the perfect opportunity for us to attract talent to the market and strengthen our foundations, prioritize growth, and prepare to welcome the next round of crypto adoption.Cryptocurrencies when the market regains strength. »

Going forward, Bitget aims to expand its presence with more than 1,000 employees, which equates to about 500 new employees by the end of the year, primarily in the areas of product development and customer service. As a global cryptocurrency operator, it is imperative to have regular updates to ensure that the platform is running well and above all, that it is compatible and protected from hackers and viruses. In addition, product innovation is one of the cornerstones of Bitget, as evidenced in particular by its flagship product under the concept of social commerceThe Copyrights With the click of a button, the product development team will be critical to supporting Bitget’s expansion offerings.

Sandra Low, CEO of Bitget, concluded:We have seen tremendous growth over the past year and Bitget now ranks among the top 5 companies in the world for derivatives trading in a short time. By closely following our motto” Better TradeAnd the better life“We will maintain our commitment to our community and ensure that our developments are in line with industry standards, as we strive to provide an excellent experience for our users. We plan to expand our team to meet the growing market needs and prepare for the next cycle.” »

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