KuCoin, OKX Stick to Their Hiring Plans Despite Downturn as Coinbase Slows Down Hiring

cryptonews.com:

Crypto exchanges KuCoin andOKX, say they do not intend to make any major changes to their respective hiring plans, maintaining a steady stream of new job openings.

While the ongoing downturn in the crypto market has pushed some major industry players such as Coinbase to modify their earlier expansion plans for this year with regard to creating new jobs, some other crypto exchanges seem to be pushing on with their set plans or intensifying them.

Johnny Lyu, CEO of KuCoin, told Cryptonews.com that his exchange recognizes the exceptionality of the current market situation, but it does not plan to introduce any major changes to its hiring strategy for this year.

The CEO stated that the current situation in the crypto market "certainly differs from previous bearish periods in that it is happening against the backdrop of a global economic crisis." Just as any economy, said he, stock markets can never experience long-term stability, and "periods of price drops are as natural an occurrence as periods of growth."

Lyu stated that,

“Therefore, we do not plan to make any significant changes to our hiring plan for 2022. We are currently primarily focused on maintaining and improving favorable working conditions for our employees.”

This year, KuCoin accelerated its global expansion and is currently recruiting to fill a number of international positions, according to the CEO.

The exchange is currently “recruiting many outstanding international talents," with Lyu stating that the company understands the importance of these experts for the platform’s future development and user experience. Therefore, he said, KuCoin hires "talents across all verticals to expand our services, enter new markets, and provide value for more users."

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