Revolut fintech is confident for the future and recruits for its dedicated cryptocurrency branch

Not all companies are affected in the same way by the bear market: the new bank Revolut has announced that it is recruiting 20% โ€‹โ€‹more staff within its branch dedicated to cryptocurrencies. Fintech takes the point home and continues to show its interest in this industry, just months after announcing it was developing solutions to allow its users to interact with decentralized finance (DeFi).

Revolut far ahead of the bear market

British fintech Revolutionwho recently celebrated his 8 years of existenceplans to increase its staff within its dedicated cryptocurrency branch of the20% of order according to exclusive information of Bloomberg.

As the bear market has been blowing uncertainty in the cryptocurrency market for some time, causing more layoffs and reshuffles even within large companies, Revolut currently shows 13 vacant posts in this sector in Europe, the United States and the United Kingdom.

The company, which offers in particular a banking services for smartphoneswould generate between 5 to 10% of his income through its cryptocurrency business. Also, Revolut prefers to see long-term and show confidence in the future of theseas confirmed by the head of the crypto branch, Emil Urmanshin :

“We view cryptocurrencies as a long-term game and remain bullish on the cryptocurrency industry.”

Positions currently open are diverse, with the various position titles mentioning software engineers, crypto analysts, and financial crime prevention. According to Bloomberg, Revolut has already done so has recruited 43 people into its crypto arm since the beginning of the year.

This is a testament to the growth of Revolut, which it had raised $ 500 million in February 2020constituting the largest fundraiser to date for a European fintech.

๐Ÿ‘‰ Crypto cards: 2022 comparison of the best cards to pay in cryptocurrency

Various and complete services

Buy and run your cryptocurrencies

Neobanking and cryptocurrencies: a formula that works

A true precursor, Revolut decided to do itopens its doors to cryptocurrencies in 2017, progressively expanding its range of services. For example, in early 2021, the neobank only offered a ten cryptocurrencies and now he has multiplied this number by 8, after the very recent addition of 22 of themincluding Apecoin (APE), SAND or FLOW.

Among the tools it offers are some trading solutions or a recurring purchase featurethus allowing you to benefit from the benefits of Average cost in dollars (DCA). In addition, the application offers in particular a system of earn and learn, as it has recently been able to do in collaboration with Polkadot (DOT).

A few months ago, Nik Storonoskyits CEO, said that the mobile app will include functionality in the not too distant future lending and staking via a decentralized wallet oriented towards decentralized finance (DeFi).

Thus, the contrast is increasingly marked between companies forced to lay off such as Coinbase or OpenSea, the latter recently separated from 20% of its staffthen invoking a ” macroeconomic instability and those that show resilience, such as Binance or Revolut.

๐Ÿ‘‰ In the news: Meta expands Instagram NFT integration to over 100 countries

Join experts and a premium community


Invest in your cryptocurrency knowledge for the next bull run

toaster icon

Source: Bloomberg

Newsletter ๐Ÿž

Get a cryptocurrency news summary every Sunday ๐Ÿ‘Œ And that’s it.

What you need to know about affiliate links. This page presents assets, products or services related to investments. Some links in this article are affiliates. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and cannot be held responsible, directly or indirectly, for any damage or loss caused as a result of the use of a good or service highlighted in this article. Investments related to cryptocurrencies are risky in nature, readers should do their own research before taking any action and invest only within the limits of their financial capabilities. This article does not constitute investment advice.

Leave a Comment