{"id":29132,"date":"2022-06-07T06:26:12","date_gmt":"2022-06-07T10:26:12","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=29132"},"modified":"2024-07-28T07:37:26","modified_gmt":"2024-07-28T11:37:26","slug":"ftx-continues-hiring-people-despite-market-volatility","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ftx-continues-hiring-people-despite-market-volatility\/","title":{"rendered":"FTX Continues Hiring People Despite Market Volatility"},"content":{"rendered":"\n<p><a href=\"https:\/\/coinscreed.com\/staging\/goldman-sachs-discusses-integrated-derivative-trading-with-ftx.html\">FTX<\/a> has claimed that it will continue to hire more people despite Coinbase and Gemini halting hiring new people due to market volatility<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-44-1024x576.png\" alt=\"FTX Continues Hiring People Despite Market Volatility \" class=\"wp-image-29138\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-44-1024x576.png 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-44-300x169.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-44-768x432.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-44-150x84.png 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-44-750x422.png 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-44-1140x641.png 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-44.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>FTX Continues Hiring People Despite Market Volatility<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><ul><li><a href=\"#h-ftx-is-actively-hiring-more-people\" >FTX Is Actively Hiring More People<\/a><\/li><li><a href=\"#h-coinbase-gemini-halt-hiring\" >Coinbase, Gemini Halt Hiring<\/a><\/li><li><a href=\"#h-ftx-expands-its-operations\" >FTX Expands Its Operations <\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ftx-is-actively-hiring-more-people\">FTX Is Actively Hiring More People<\/h2>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/crypto-market-sees-new-expansion-with-latest-moves-by-ftx-and-crypto-com.html\">FTX<\/a>, a crypto exchange based in North America, has claimed that it will continue to expand despite competitors Coinbase and Gemini cutting their losses.<\/p>\n\n\n\n<p>According to LinkedIn, FTX's job postings are still open, and the exchange is &#8216;actively recruiting,' despite <a href=\"https:\/\/coinscreed.com\/staging\/coinbase-no-longer-hiring-due-to-market-volatility.html\">Coinbase<\/a> rescinding already-accepted job offers. Worse, Gemini has laid off 10% of its employees.<\/p>\n\n\n\n<p>In a Twitter thread, FTX CEO <a href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1533946713366568962\" target=\"_blank\" rel=\"noreferrer noopener\">Sam Bankman-Fried<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> revealed why the company decided to hire more people, despite the crypto market's lackluster performance. FTX, he claims, has been in charge of integrating new joiners into the organization and so increasing their efficiency.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-coinbase-gemini-halt-hiring\">Coinbase, Gemini Halt Hiring<\/h2>\n\n\n\n<p>Coinbase said two weeks ago that it would begin to scale back its recruiting due to market volatility.<\/p>\n\n\n\n<p>According to an article on Entrepreneur.com, L.J Brook, Coinbase\u2019s chief people officer, emailed the following to the company\u2019s employees:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;<em>As we manage through this\u00a0downturn,\u00a0we want to be transparent about the decisions we have to make in order to meaningfully manage expenses.\u201d<\/em><\/p><p><em>\u201cWhile we did not make this decision lightly, it is the prudent one given market conditions. We will continue to evaluate all of our options to responsibly navigate Coinbase through the current cycle. We always knew crypto would be volatile, but that volatility alongside larger economic factors may test the company, and us personally, in new ways.\u201d<\/em><\/p><cite>L.J Brook, Coinbase\u2019s CPO<\/cite><\/blockquote>\n\n\n\n<p>Coinbase isn\u2019t the only company that has had to tighten its belt. On Thursday,\u00a0<a href=\"https:\/\/coinscreed.com\/staging\/gemini-launches-web3-studio-dubbed-superlunar.html\">Gemini<\/a>\u00a0announced that it would have to downsize its employees by 10%, citing the \u201ccrypto winter\u201d as the reason.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ftx-expands-its-operations\">FTX Expands Its Operations <\/h2>\n\n\n\n<p>FTX has been expanding its operations into new territories. The crypto exchange, for example, has secured permits to operate in Middle Eastern countries such as the United Arab Emirates and Bahrain. The crypto derivatives exchange has opened offices in Japan and Australia.<\/p>\n\n\n\n<p>Furthermore, the cryptocurrency exchange has begun trading stocks and has shown an interest in acquiring businesses such as the Mobile Premier League (MPL). <\/p>\n\n\n\n<p>In other news, the cryptocurrency market has plummeted yet again overnight. Despite a good start, Bitcoin has fallen to $29,000 after its ascension to $32,000 was refused for the longest time. Despite its steady return to the $2,000 zone, Ethereum has fallen to $1,700 once more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTX has claimed that it will continue to hire more people despite Coinbase and Gemini halting hiring new people due to market volatility FTX Is Actively Hiring More People FTX, a crypto exchange based in North America, has claimed that it will continue to expand despite competitors Coinbase and Gemini cutting their losses. According to [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":29138,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[5501,6329,7600],"class_list":["post-29132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-coinbase-2","tag-ftx-news","tag-gemini-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-44.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=29132"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/29138"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=29132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=29132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=29132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}