Crypto exchange OKX recently released a “quick update” with its community by revealing its plan to increase its global workforce by 30% in the next 12 months.

OKX aims for massive expansion

According to the announcement, despite the current market conditions, the exchange aims to work on its growth ambitions by remaining confident with its outlook on the crypto industry. Focusing on the long-term picture, OKX sees the “bear market” as an opportunity to “build and improve” its “culture, product, and customer service capabilities.”

The “careful and deliberate hiring plan” by the exchange ensures sustainable expansion during this period. It is accelerating its recruitment plan with a plan to increase its workforce by 30% to reach a total of 5,000 people within the next year.

Moreover, OKX also plans to become the first crypto exchange platform to achieve gender balance. Currently, the exchange’s global leadership team includes 40% of female employees, and it is continuing to attract the best talent from all walks of life, regardless of gender or race. The exchange noted the importance of diversity in the crypto industry by stating:

“This level of commitment to diversity is important to us towards creating a more inclusive financial system that creates a level playing field for all.”

Binance and Kraken also plan expansion

While several crypto exchanges like Crypto.com (cutting workforce by 5%), Coinbase (global downsizing by 18%), and BlockFi (laying off 20% of the staff) are brutally trimming their workforces to survive the adverse market conditions, exchanges like Binance, Kraken, and now OKX are determined to take advantage of this situation to expand themselves.

Recently, a Binance spokesperson reportedly said that the exchange has more than 2,000 open positions, with its job board showing roles across Asia, Africa, Europe, South America, and the Middle East. 

Kraken also revealed its intention to increase its staff size by hiring over 500 new employees.