Revolut plans to increase its crypto headcount by 20%

Fintech company Revolut continues to expand its cryptocurrency services operations after recently getting approval to operate in Singapore.

Last Thursday, the company said it plans to further increase crypto services by increasing employee count.

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The London-based firm is currently on the lookout for crypto specialists, with 13 crypto roles including crypto compliance and professionals with legal backgrounds in crypto.

“So far this year we have hired several hundred staff across various teams in London and many more globally. We want to grow our crypto team by 20% in the next six months,” Emil Urmanshin, crypto general manager at Revolut.

According to a Bloomberg report, the company is eyeing an increase in its crypto headcount by 20%. The hirings could boost Revolut’s teams across Europe, the UK and US over the next six months.

This is especially a welcome move for the crypto community as the crypto ecosystem continues to witness a bearish environment.

In the first half of 2022, the London-based fintech has hired 43 crypto staff, as it looks to expand its crypto capabilities. 

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The hiring is likely to help Revolut further expand its cryptocurrency offerings. Emil Urmanshin, Revolut’s crypto general manager, said his company sees crypto “as a long-term play and remain bullish on the crypto industry.”

Revolut also plans to launch educational courses on cryptocurrency for customers in the coming months to advance financial literacy.