Fran is a writer and reporter at CoinDesk. He owns no crypto holdings.

At a time when many crypto exchanges are announcing hiring freezes and layoffs, crypto exchange OKX plans to increase its headcount by 30%, according to Lennix Lai, the platform's director of financial markets.

The Seychelles-based company believes a staff of 5,000 would be the right number, Lai said Monday on CoinDesk's TV "First Mover" program.

The cryptocurrency platform now is “mostly focused on increasing our headcount on product and tech,” he said. “We are gradually becoming a lot more internationalized.”

Plans to grow for the exchange come amid a crypto winter that has wreaked havoc on the cryptocurrency and equity markets, prompting exchanges, such as Coinbase, Crypto.com, BlockFi, Gemini and Rain Financial, to cut jobs.

Nonetheless, some exchanges are moving in the opposite direction. Fidelity Digital Assets, for example, plans to double its staff.

Lai said that OKX is hiring because of “a lot of bottleneck” requiring the platform to expand.

As for remote work, he said the company offers employees “a lot of flexibility and freedom to pick where they work,” although OKX likes the idea of employees working from the office.

“We still encourage our employees to actually come to the office, have a meeting or have tea and have a real-time discussion with the team,” Lai said.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Fran is a writer and reporter at CoinDesk. He owns no crypto holdings.

CoinDesk - Unknown

Fran is a writer and reporter at CoinDesk. He owns no crypto holdings.