Bitcoin (BTC) is back in a full-blown bull market, ethereum (ETH) and altcoins are rallying too, indicating a hiring spree at leading digital asset exchanges.
To understand what course the crypto industry is traveling, we will probe into some of the publicly available current job listings at leading crypto exchanges in the US, Asia, and Europe.
In the US
At the time of this writing, Coinbase has many job offerings listed on its website’s career section, amounting to over a hundred open positions.
The Engineering Department seems to be on an expansion trajectory with a whopping seventy open positions. The Backend and Frontend subdivision are looking for 25 and 17 new staff members, respectively. This data suggests that Coinbase is looking to cement its status as a leading exchange in the region by developing a more robust platform after facing multiple technical problems this year.
Additionally, some of the open positions relate to Web 3.0, a more decentralized web, and DeFi (decentralized finance), suggesting that Coinbase may be looking to play a more prominent role in the dapp (decentralized app) and booming DeFi market.
Other notable departments include Legal and Compliance with 14 open positions, Customer Experience with 14, and Security and Privacy with 15 available listings. Under the Legal and Compliance section, they seek individuals with knowledge about Germany, the UK, Japan, and the US. We can deduce that the company is looking to streamline its regulatory approach in the US, the UK, and Germany, where it is already accepting customers. Furthermore, the Tokyo and Singapore positions suggest Coinbase is looking to extend operations in these countries.
Kraken, which lately received a bank charter, is also on a hiring spree. While there are over ten departments with available listings, a few departments take up the bulk of the offered positions.
The department Client Services has the highest number of listings. Additionally, a significant number of open positions are related to specialists in specific countries. This suggests a push to make the Kraken product offering as localized as possible, especially in non-English speaking countries.
The departments of Product and Engineering also have many listings, many related to the user experience and app development.
Gemini has fewer open positions amongst the leading US-based exchanges with 38 listings. Three departments have the largest number of openings: Design Technology, Security, and Software Engineering. The majority of these listings are related to further enhancing existing products and services under the Gemini platform, suggesting that Gemini is focused on perfecting its offering.
OKEx has six open positions, one can find via its website, many related to its Hong Kong and Beijing offices. Most notably, the company is looking for user experience personnel and regulatory compliance professionals. This suggests that the exchange is looking to ensure it meets the strict legal requirements of operating in that region. As reported, the company aims to double the number of its employees in two years. At the end of 2019, OKEx reportedly had around 1,000 employees.
Another leading crypto exchange in the Asian region, Huobi, shows no open positions on its website, but one can find 18 places on its Linkedin page. The most senior position is general manager, while there are multiple positions for analysts and specialists who could help the company deal with risk control and legal issues. Also, it looks like the company is seeking to increase its hiring efforts as two positions are related to human resources. Another two positions are open for support specialists. Also, there are three positions for people in finance.
Binance has a vast 207 open positions in over a dozen areas. The major crypto exchange has 34 open positions in the Customer Support department, many of which are country-specific. Additionally, quite a few of the listings in this wing are related to particular languages. These openings suggest that Binance is making a push to meet its customers’ needs in their native languages, especially in Asia.
Another notable department for Binance is the Engineering department, with 21 open positions. Many of these positions are based out of various Asian locations and a few in Europe. We can extrapolate that Binance is looking to solidify its dominance in the Asian market while further enhancing its reach in countries like Russia and the Netherlands.
Finally, Product Design and Operations each have 15 open positions. These divisions are looking for qualified individuals in specific regions, again suggesting that Binance is looking to increase and solidify its presence in the many areas worldwide.
Driving European digital asset exchange Bitstamp has eight open positions. The bulk of them are based out of Luxemburg, with the other three are for Slovenia, the UK, and Singapore.
The position offered in Luxembourg is all related to regulatory compliance, suggesting that Bitstamp wants to ensure its operations are well within the realms of any existing legal directives. Moreover, this may indicate that the exchange is preparing for regulatory changes and wants to be ready in the event they do materialize.
Vienna-based Bitpanda has over 55 open positions. The majority of the listings are based out of Vienna, recommending a reluctance to venture into regions outside the EU, which the company already supports.
Marketing and Engineering seem to be Bitpanda’s core focuses in this current time. The highest number of open positions come from the Engineering division, suggesting the company is seeking to solidify its platform’s quality. Additionally, Bitpanda seems to be focused on acquiring more users within its market share, as is evidenced by its marketing positions.
An Overall Look
Given the implications we can make from the talent needs of some of the largest digital asset exchanges globally, we can see that several are focused on setting their existing market positions while others are looking to expand aggressively into new regions.
Almost all exchanges have in common, though, the urge to remain on the regulators’ right side, as evidenced by the number of open positions in legal and compliance departments.