Crypto exchange Bitget to increase headcount 25% by year-end despite market conditions

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Crypto exchange Bitget is still aiming to increase its headcount by 25% this year. It's already increased its workforce by 78% over the past six months.

Crypto exchange Bitget still aims to expand its workforce to 1,000 employees by the end of year despite the market environment and collapse of FTX.Crypto exchange Bitget isn't slowing down on hiring despite the worsening market conditions and the recent collapse of leading crypto derivatives exchange FTX.earlier this year that it aimed to have a workforce of 1,000 members by the end of this year. This would be a 25% increase from its current headcount of 800 people.

Bitget's managing director Gracy Chen said the exchange is still targeting this figure for the end of this year. Over the past six months, Bitget's workforce has already increased 78% to 800 from 450 employees, she said at a panel at the Token2049 conference in London. "We are operating without debt and adequate cash flow, making solid progress and will roll out more initiatives for infrastructure projects in the bear market," Chen said in a statement to The Block.

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