Latest in Crypto Hiring: OKX, Bitget Among Companies Boosting Headcount

Crypto winter gives companies “a golden window” to achieve low-cost, high-quality growth, exchange executive says

article-image

Blockworks exclusive art by Axel Rangel

share

key takeaways

  • Longtime Facebook leader becomes CEO of Web3 advertising provider
  • Activision Blizzard executive moves over to lead blockchain gaming company

Though companies such as Crypto.com, BlockFi, Coinbase and Gemini have recently revealed plans to cut staff or slow hiring, others continue sharing their intentions to grow their headcount. 

Demand for talent is strong for firms looking to expand. A recent analysis of Google search data by Cryptojobslist.com found that searches for “remote crypto jobs” grew by 560% worldwide this month.

Crypto exchange OKX announced last week that it plans to increase headcount by 30%, growing by 1,500 people to about 5,000 over the next 12 months.

“Seeing people in our community losing their jobs is quite unsettling,” an OKX spokesperson told Blockworks. “Our focus right now is to see if we can be the home for the incredible talent in our industry who may have been impacted by the recent layoffs.”

The exchange is targeting professionals in product design, engineering and marketing as its main focus shifts to building a leading brand in the space.  

OKX has seen a slight increase in applications since the onset of the bear market. It received more applications in April than in any previous month of the year, and even more were submitted in May, according to the company representative.

“This is a great time to hire talent who are coming to the industry not just for the hype but rather because of their pure passion for building,” the spokesperson added.

Derivatives exchange Bitget is also seeing an influx of applicants, most likely due to headcount cuts from other companies, Managing Director Gracy Chen said. 

Bitget revealed earlier this week that it seeks to double its workforce to 1,000 people by the end of the year. The company is focused on filling operations, product development and customer services roles across regions in which it has seen growth. 

A crypto winter gives the firm “a golden window” to achieve low-cost, high-quality growth, Chen explained. Historical data has proven that with each market downturn, the recurring bull run will bring about even stronger and positive results, she added.

“Oftentimes, a company’s success is very visible during a bull market, however, the foundation was likely established during a bear market,” Chen told Blockworks. “Regardless of the market conditions, it was a pressing business need for us to push forward with our hiring plans to pave way for new developments to come.”

A look at this week’s hires

Web3 advertising provider Permission.io appointed longtime Facebook executive Thomas Shin as its CEO. 

Shin has spent 28 years in the digital advertising space at companies such as Meta (formerly Facebook), Yahoo!, MediaMath and Efficient Frontier, which was acquired by Adobe. Most recently, he was head of the Americas business at mobile programmatic startup Moloco. 

Permission.io founder and former CEO Charlie Silver is set to become executive chairman.

Crypto exchange OKX brought aboard Rachel Conlan to be its global head of brand marketing and partnerships.

Conlan is responsible for the company’s brand and marketing efforts through partnerships with Manchester City FC, Tribeca Festival and McLaren Racing. The latter collaboration, revealed in May, came around the time OKX hired chief marketing officer Haider Rafique from competing exchange OKcoin.  

Conlan previously led the global partnerships team at international sports and entertainment agency CAA Sports and also worked as global chief marketing operations officer for communications group Havas.

Hut 8 Mining named Aniss Amdiss as its chief legal officer. He will lead Hut 8’s legal and governance portfolios and serve as corporate secretary, reporting to CEO Jaime Leverton. 

Prior to joining Hut 8, Amdiss served as vice president of legal, general counsel and corporate secretary at healthcare services company Greenbrook TMS Inc.

Digital asset custody company Digivault has added Greg Vosper as its chief commercial officer to drive the firm’s business development, partnerships and sales strategy. 

Vosper was most recently the director of strategic partnerships at Zodia Custody, a crypto custody solution built by Standard Chartered’s venture arm and asset management giant Northern Trust. He was also previously the lead of new client development and sales at CME Group and a business advisory and tax committee manager at Nexia International.

Private markets investment management firm Hamilton Lane hired Victor Jung to its newly created head of digital assets role. 

The company had about $900 billion in assets under management and supervision — $106 billion in discretionary assets and $795 billion in advisory assets — as of March 31.

Jung was most recently head of distribution partners and liquid private markets for the Asia-Pacific region at Partners Group, where he oversaw business development and led onboarding for the firm’s wealth technology platforms.

Mark Aubrey is set to join blockchain gaming company Catheon Gaming as its co-CEO on July 11.

Aubrey joins the company from Activision Blizzard, the creators of games such as Call of Duty and World of Warcraft; there he worked as managing director and head of its Asia-Pacific arm. Before that, Aubrey was a marketing director at Warner Bros. Entertainment.


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Top Icon.png

Research

Osmosis thrived in H2 2023 on the back of increased DeFi activity deriving from recently launched Cosmos-related projects and better market conditions. With new value accrual mechanisms for the native token, Osmosis is well-positioned to continue its strong performance in 2024.

/

article-image

Though the opposing flow trend is likely to slow over time, industry watchers note, bitcoin fund assets could one day eclipse the $90 billion gold ETF space

article-image

Celestia had the first mover advantage. EigenDA has staked ether. What sets Avail apart?

article-image

Bitcoin moved 1% higher Monday morning in New York, Matrixport analysts say $62,000 could happen next month

article-image

It’s hard to believe right now that crypto — even with all of its flexibility and massive capabilities — could ever be like cash on the internet

article-image

Michael Saylor announced Monday morning that MicroStrategy bought 3k more bitcoin after the X account was compromised over the weekend

article-image

Plus, Pudgy Penguins grows its brand and a group of Autoglyphs sell for $14.5 million