• FTX will still hire despite crypto market volatility.
• Coinbase (NASDAQ 🙂 has removed job offers already accepted, and Gemini has reduced its workforce by 10%
• FTX has also expanded into Australia and Japan.

North American crypto-exchange FTX stated that it will expand despite Coinbase’s and Gemini’s losses.

FTX’s job openings remain open and that the exchange is ‘actively recruiting’, according to LinkedIn, although Coinbase has rescinded already-accepted job offers. Gemini also laid off 10%.

Sam Bankman Fried, CEO at FTX, explained in a Twitter thread (NYSE:) why the company decided to add more employees as the cryptocurrency market continues to be unimpressive. He stated that FTX was responsible for integrating new members to the company and thus maximising their efficiency.

Bankman-Fried explained:

Because we hired carefully, we can keep growing regardless of market conditions… More will be joining than leaving, though – as always – we’ll make sure to add people at a sustainable rate.

FTX is expanding in different countries. The crypto exchange has been granted licenses to trade in Middle Eastern countries like the UAE and Bahrain. Recenty, the exchange for crypto derivatives also established a shop in Japan.

Additionally, the cryptocurrency exchange is exploring equities and has expressed interest in purchasing startups such as Mobile Premier League. CoinQuora reports that Wall Street giant Goldman Sachs has held talks with FTX (NYSE:) through its US offices. Goldman Sachs, according to this report, is looking to enter crypto derivatives.

Another news story is that the cryptocurrency market experienced an unexpected tumble. The market, despite a strong start has dropped to $29,000. Its ascent to $32,000 had been rejected for the longest. However, the price of $1,700 has dropped to $29,000 again, even though it is slowly climbing back up to $2,000 territory.

Continue reading on CoinQuora