As many crypto firms announce layoffs, UK’s largest unicorn Revolut is adding to its crypto division.
The firm will boost its crypto staff by 20% by hiring across its European, American, and British offices for positions in compliance, financial crimes prevention, crypto legal assistance, and software engineering, according to Bloomberg.
Revolut’s crypto general manager Emil Urmanshinsaid that his team sees “crypto as a long-term play and [we] remain bullish on the crypto industry.” While crypto only accounts for 5%-10% of the firm’s global revenue, it’s looking to expand and prepare for a future when these margins are larger.
Alongside beefing up its crypto division, Revolut also announced the addition of 22 new cryptocurrencies, including the popular metaverse token ApeCoin, according to Bloomberg.
Targeting growth in the crypto sector is nothing new for Revolut.
It also rolled out a Crypto Earn and Learn feature last month with Polkadot, where users can earn up to $15 of DOT for...
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