Not all companies are affected by the bear market in the same way: Neobank Revolut has announced that it will hire 20% of its staff in its branch dedicated to cryptocurrencies. A few months after announcing that it is developing solutions that allow its users to interact with decentralized finance (DeFi), the fintech has pushed this forward and continues to show interest in the space.
Revolut is well ahead of the bear market
UK Fintech revolutionwhich recently celebrated its 8 years of existenceplans to add staff dedicated to cryptocurrencies in its branches20% order According to exclusive sources Bloomberg.
While the bear market has been bringing uncertainty to the cryptocurrency market for some time, it has led to Multiple layoffs and restructuring Even within large companies, Revolut currently shows 13 job openings in this area in Europe, the US and the UK.
The company provides special mobile bankbetween 5% to 10% of income through its cryptocurrency business.Also, Revolut prefers to take a long-term view Have confidence in the future of these peopleas confirmed by the head of the crypto branch, Emil Ulmanshin :
“We see cryptocurrencies as a long-term game and continue to be bullish on the crypto industry. »
A variety of positions are currently open, with titles mentioning software engineer, crypto analyst and financial crime prevention.According to Bloomberg, Revolut has Recruited 43 people in its crypto fork since the beginning of the year.
This is a testament to the growth of Revolut, which has $500M raised in February 2020the largest fundraising event for a European fintech company to date.
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A true pioneer, Revolut decided toOpen Doors to Cryptocurrencies in 2017, and gradually expand the scope of its services.For example, at the beginning of 2021, neobank only offers ten cryptocurrencies added recently 22 of themincluding Apecoin (APE), SAND or FLOW.
The tools it offers include some trading solutions or Repeat purchase functionwhich can benefit from the following advantages dollar cost averaging (DCA).In addition, the application provides a system in particular earn and learn, As it did recently in partnership with Polkadot (DOT).
months ago, Nick StoronowskiIts CEO said the mobile app will include in the near future Lending and staking via a decentralized wallet For Decentralized Finance (DeFi).
As a result, the contrast between forced layoffs at companies like Coinbase or OpenSea, which have Recently left with 20% of employeesthen call ” macroeconomic instability And those who show resilience, like Binance or Revolut.
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