Blockchain.com has hired a new senior vice president and has plans to grow its workforce 25% in Q1 2024. 

It is also eyeing expansion into Nigeria and Turkey, according to a report from Bloomberg. The longtime crypto wallet provider currently employs around 300 people.

After beginning 2023 by laying off 28% of its staff, Blockchain.com has seen positive signs in the last few months. 

The firm raised a $110 million Series E round, though reportedly at less than half of its 2022 valuation, and it became the destination for customers looking to migrate their assets from SoFi’s shuttered crypto arm. 

This week, the firm hired Curtis Ting as senior vice president of business operations. Ting spent the last five-plus years at Kraken where he focused on global expansion. Before that, Ting spent eight years at the FBI. 

Ting will help set up London-based Blockchain.com’s new hub in Paris as the company seeks to set up new local entities throughout Europe, Bloomberg reported.

Blockchain.com listed a job posting for a talent acquisition manager in Paris. The firm also has several job postings in Vilnius, Lithuania, as well as Dallas, TX, Singapore, and London.

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Other Notable News

The co-founder of crypto research firm Reflexivity Research said the group was planning a “major 2024 expansion” and was looking to hire multiple research analysts.

After a great first year, we’re getting ready for a major 2024 expansion here at @reflexivityres.

Hiring for multiple analysts to grow our research team. DM me if interested – crypto native’s only 🙂

Just adjusted my settings so that anyone can DM me.

— Will (@WClementeIII) December 13, 2023

Meanwhile, Michael Moro’s time as CEO of Genesis Global Capital ended months before the firm got caught up in a post-FTX liquidity crunch and declared bankruptcy. His new firm, the crypto exchange Ankex, shut down Friday. 

Ankex announced Friday that development on the derivatives trading platform, which was apparently ready for a public beta launch, had been paused.

 As of Friday, the exchange’s website was stripped down to one page that read, “We are very grateful for everyone’s support and participation. Unfortunately, we are very sad to communicate that we have to pause our journey at this stage.”

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As of Friday, Moro’s LinkedIn and X profiles had been updated to reflect his no longer being chief executive of the exchange. 

Qredo, Ankex’s parent company, laid off 50 employees around Nov. 1. 

🚨 LAYOFF ALERT – United Kingdom 🇬🇧

Company: Qredo
Industry: Cryptocurrency/Blockchain

#️⃣: 50% of staff
📆: Recently reported
❔: To extend company’s runway amidst market conditions

— What Layoff? (@WhatLayoff) November 2, 2023