OKX to increase workforce by 30%

Crypto exchange OKX has pledged to increase its staff numbers by 30%, according to the platform’s director of financial markets Lennix Lai.

During the current crypto market downturn, the Seychelles-based trading exchange, formerly known as OXEx, has decided to up the ante by announcing plans to employ 5,000 members of staff.

Lai explained the company’s plans are to gradually become “a lot more internationalized”, with a strong focus on “increasing headcount on product and tech”.

Many companies and exchanges have taken the opposite route amid the current ‘crypto crisis’.

Coinbase has let go of 1000 staff members, BitOasis has decreased the number of its employees by 5%, Gemini has cut jobs by 10%, and this week Huobi Global announced it was next in line to cut headcount by 30%.

Despite the market downturn, OKX is hiring to expand the platform after “a lot of bottleneck”. Although the company prefers the idea of employees working from the office, OKX will offer its employees “flexibility and freedom to pick where they work”, if needing to work remotely.

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Updated: 06/29/2022 — 11:00