Revolut To Expand Crypto Team By 20%

Fintech company Revolut plans to increase by 20% the number of employees involved in the cryptocurrency direction in the EU, UK and US within six months. Bloomberg writes about it.

Revolut posted 13 jobs related to digital assets, including financial crime prevention and development.

This year, the company has already hired 43 specialized specialists. 

“We view cryptocurrencies as a long-term game and remain optimistic about the industry,” Revolut said.

The company added that this area currently accounts for 5% to 10% of Revolut’s revenue.

According to the firm, from July 2021 to July 2022, the number of UK customers buying cryptocurrencies increased by 30%. The number of transactions during this period grew by more than 50%. 

Revolut is expanding staff at a time when many companies are laying off employees amid a downturn in the crypto market. Coinbase, Crypto.com, BlockFi, BitMEX, Bitpanda, OpenSea, Blockchain.com, Gemini, Robinhood, and several other organizations reported the wave of cuts.