• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
Fintech

Fintech Firm Revolut Unfazed By Bear Market, Hires 20% More Crypto Talent

Christian Encila by Christian Encila
1 year ago
in Bitcoin, FinTech
0

Fintech company Revolut continues its cryptocurrency campaign with intentions to boost its digital currency team by 20%, undeterred by the bear market’s continuous fragility.

Across the next six months, the British fintech startup wants to expand its crypto-focused employees in the United States, the United Kingdom, and Europe.

The fintech company is seeking 13 posts connected to cryptoassets, including computer programmers and financial compliance and crime prevention specialists.

Related Reading: Bitcoin ATMs Are Springing Back To Life In Japan After 4-Year Hibernation

UK Fintech Revolut On Hiring Spree

Revolut has 230 vacant roles across multiple divisions and works as a cryptocurrency trading platform that trades more than 80 coins.

Revolut debuted in 2015 and is marketed as a low-cost and user-friendly platform. Between July 2020 and July 2021, the number of persons purchasing cryptocurrencies in the United Kingdom surged by 290 percent, based on recent data.

In July of this year, it grew by another 30 percent. Revolut was valued at $33 billion in July of last year, making it the most valuable fintech enterprise in the United Kingdom.

According to Emil Urmanshin, the general manager of crypto at Revolut:

“We view crypto as a long-term investment and remain enthusiastic on the market… crypto accounts for 5-10% of the company’s global revenue.”

In June of this year, the total market capitalization of the cryptocurrency market decreased by around 12 percent, to just $980 billion. Since its apex in November 2021, the industry as a whole has suffered losses of more than $2 trillion.

Image: Financial News London

Revolut Hires While Others Terminate

Revolut distinguishes itself from competitors such as Coinbase and OpenSea, which were forced to lay off 18 percent and 25 percent of workers, respectively, as a result of the bear market’s severe impact on operations.

Both companies admitted to having overhired last year when their trading activity was stronger.

Binance, the largest cryptocurrency exchange in the world, acted cautiously during the bull market in anticipation of a market correction. In June, chief executive Changpeng Zhao said that the company has job openings for more than 2,000 individuals.

Investor broker application Robinhood just reported a 23 percent cut in workforce, following a 9 percent cut in April, blaming crypto bear market troubles and inflation.

Related Reading: Binance Is Not A Registered Corporation, Philippines’ SEC Warns

Gemini, Coinbase, OpenSea, and Crypto.com have also announced significant price reductions in response to the continuous price decline.

In addition to Revolut, big cryptocurrency exchanges Kraken, FTX, and Binance are hiring.

“Despite the volatility, demand in crypto assets has surged, and we have more customers trading crypto than we did in July 2021,” said Urmanshin.

Crypto total market cap at $1.06 trillion on the daily chart | Source: TradingView.com

Featured image from Freepik, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Christian Encila

Christian Encila

Related Posts

Bitcoin

Could Bitcoin Be On The Verge Of New ATH Rally? Analyst Identifies These Conditions

9 hours ago
Bitcoin

Bitcoin Miners On The Defensive: Market Uncertainty Spurs Revenue Diversification – Analyst

15 hours ago
Bitcoin

Bitcoin Roadblock Unveiled: Analyst Identifies Barrier Faced By The Top Crypto

1 day ago
Bitcoin ESG

Bitcoin Is The Ultimate ESG Asset, Expert Validates

1 day ago
Bitcoin

Six And Counting: The Global Bitcoin Billionaire Phenomenon Unveiled

4 days ago
Bitcoin price Fed

How Has The Fed’s Decision Impacted The Bitcoin Price? Crypto CEO Weighs In

4 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • While Litecoin (LTC) and Aave (AAVE) try to break key...

    9 hours ago
  • Bitcoin (BTC) and Compound (COMP) At the Market Crossroads...

    9 hours ago
  • Next 10x Crypto Gems: 6 Coins Under $0.50 To Buy Now

    10 hours ago
  • TokenCoin — Guide to Earning Passive Income through...

    10 hours ago
  • Pepe Coin Price Continues To Decline, Kangamoon and Shiba...

    13 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.