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The fintech Revolut is confident for the future and recruits for its branch dedicated to cryptocurrencies

Not all companies are affected by the bear market in the same way: the neo-bank Revolut has announced that it is recruiting 20% ​​more staff within its branch dedicated to cryptocurrencies. The fintech drives the point home and continues to show its interest in this sector, a few months after announcing that it was developing solutions to allow its users to interact with decentralized finance (DeFi).

Revolut far ahead of the bear market

British fintech Revolutwhich recently celebrated its 8 years of existenceplans to increase its staff within its branch dedicated to cryptocurrencies of the20% order according to exclusive information from Bloomberg.

While the bear market has been blowing uncertainty into the cryptocurrency market for a while now, causing multiple layoffs and reshuffles even within large companies, Revolut currently displays 13 vacancies in this sector across Europe, the United States and the United Kingdom.

The company, which notably offers a mobile bankingwould generate between 5 to 10% of its income through its cryptocurrency business. Also, Revolut prefers to see in the long term and shows confidence for 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 crypto industry. »

The positions currently open are diverse, with the titles of the various positions mentioning software engineers, crypto analysts, and financial crime prevention. According to Bloomberg, Revolut has already recruited 43 people in its crypto branch since the beginning of the year.

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

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Neobanking and cryptocurrencies: a formula that works

A true precursor, Revolut has decided toopen its doors to cryptocurrencies in 2017, gradually expanding its service offering. For example, at the start of 2021, the neobank only offered a ten cryptocurrencies and has now multiplied this number by 8, following the very recent addition of 22 of themincluding Apecoin (APE), SAND or FLOW.

Among the tools it offers are a few trading solutions or a recurring purchase featurethus making it possible to benefit from the advantages of Dollar Cost Averaging (DCA). In addition, the application notably offers a system of earn and learn, as it was recently able to do in partnership with Polkadot (DOT).

Few months ago, Nik Storonoskyits CEO, said that the mobile application would include in the not-too-distant future features of lending and staking via a decentralized wallet oriented towards decentralized finance (DeFi).

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

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Source: Bloomberg

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