Despite the economic downturn triggered by the new coronavirus pandemic, Kraken CEO Jesse Powell predicts that Bitcoin and the entire crypto industry will perform well in the coming months. Powell said that although many companies are laying off workers, the exchange is increasing its staff by nearly 10% since the advent of the new coronavirus, as interest in the entire cryptocurrency market has increased. When news broke, the exchange received a lot of new registrations.
According to Forbes, Kraken started hiring aggressively, intending to increase the number of employees by nearly 10%. Kraken is planning to expand its 800-person team with 67 additional personnel, most of them service-oriented and liberal arts majors.