Revolut to Expand Its Crypto Team with Hiring Push

The British fintech firm Revolut plans to increase crypto-focused staff by 20% across the U.K., U.S., and Europe over the next six months.

It is now advertising for 13 industry-related roles, including software engineers, crypto legal professionals, and financial compliance and crime prevention experts. Revolut has already hired 43 crypto-focused staff members in 2022, increasing its crypto team's headcount by ~200%. Across all teams, the firm has 230 open positions.

The hiring push is intended to help Revolut expand its cryptocurrency offerings. It currently operates as an exchange platform for trading over 80 digital assets, or for earning crypto by rounding up spare change on daily purchases. It also lets users earn when learning about cryptocurrency on its platform.

"We see crypto as a long-term play and remain bullish on the crypto industry,"said Revolut's crypto general manager Emil Urmanshin. He said that crypto currently accounts for 5-10% of Revolut's global revenue.

"Although there has been turmoil, interest in crypto assets has increased and we still have more customers trading crypto than during July 2021,"Urmanshin said.

This week, Revolut announced another push to the platform's investment offering with the release of 22 new crypto tokens. Revolut's Crypto offering reaches 80+ cryptocurrencies supported in the app with these new additions, which represents a growth of x8 times compared to the beginning of the year 2021.

Source: Binance