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According to Lennix Lai, the platform's director of financial markets, at a time when many cryptocurrency exchanges are announcing the freezing or layoffs of employees, cryptocurrency exchange OKX plans to increase its headcount by 30%.
Lai believes the goal of 5,000 employees will be the right number.
OKX will "primarily focus on increasing the number of our employees in terms of products and technology," he said. "We're becoming a lot more internationalized."
The exchange's development plans come as the cryptocurrency winter has wreaked havoc on the cryptocurrency and stock markets, prompting exchanges, such as Coinbase, Crypto.com, BlockFi, Gemini and Rain Financial, to cut jobs.
However, some exchanges are going in the opposite direction. For example, Fidelity Digital Assets plans to double its employees. Morgan Creek is also raising $250 million to acquire a BlockFi stake, competing with ftx's previous expansion move.
Lai said that OKX is recruiting because "many bottlenecks" require the platform to expand.
As for remote work, he said the company gives employees "a lot of flexibility and freedom to choose where they work," though OKX likes the idea of employees working in the office.
We still encourage our employees to actually come to the office, meet or have tea and discuss in real time with the team.
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