While other cryptocurrency exchanges are laying off their staff, AAX, a trusted crypto exchange with over 2 million users, is reportedly on a hiring spree. The news comes at a time when many of AAX’s competitors including Coinbase, announced significant staff reductions.
In a statement, AAX (Atom Asset Exchange) said it is hiring for hundreds of roles as it aims to double its staff size this year to support its global expansion plans. At a time when crypto market sentiment is filled with fear and uncertainties, AAX also plans to open additional offices to support new markets and add staff to expand expertise and product lines, in a sign of continued growth.
It’s no surprise that successful companies are built during recessions and that’s why AAX is taking a long-term view by focusing on hiring the most valuable asset for the success of any organization–people. In a tweet, AAX Head of Research and Strategy Ben Caselin said, to see “exchanges laying people off during bear markets is very strange and reactive only. Bear markets are for building and for building, we need people.”
Globally—and in emerging markets particularly—the adoption of Bitcoin and other digital assets is still expanding and helping to create more inclusive economies as well as fair and wider-reaching financial applications. Financial inclusion is more than a buzzword. It requires actual efforts to deliver on the promise. As part of the endeavor targeting emerging markets, AAX was the first crypto exchange to adopt Satoshi Standard (SATS) to users and integrate the lightning network, putting their conviction into building a digital asset exchange for everyone.
“We believe that’s just the beginning in delivering on our mission. That’s why we are hiring even under these turbulent market conditions. The evolution of money is a long-term growth story and our talent recruitment strategy aligns with that fact. Our commitment to emerging markets is part of that same growth story,” Caselin said.
Founded in 2018 by Thor Chan and after more than 18 months of research and development, the exchange was officially launched in November 2019. Used by more than two million users in over 160 countries, AAX is the first exchange to use the Satoshi Standard (SATS) to drive the adoption of Bitcoin.
AAX is also the first to be powered by LSEG Technology, offering high-yield savings packages, 200+ spot pairs, P2P fiat trading, deeply liquid futures markets, regular discounts on major tokens, and a range of on- and off-ramp products.
