Different crypto exchange houses increase their contracts before the halving, an event that will take place next week.
Since the beginning of the quarantine time in the world, due to the Covid-19 pandemic, many experts glimpse a major economic crisis that could raise unemployment figures to numbers never seen before. Despite this situation, businesses linked to the purchase and sale of cryptocurrencies may be experiencing the opposite effect.
Some companies related to the industry are increasing hiring. This increase would mean an important growth for the industry in one of the most difficult times for the global economy.
An example of this situation took place last Monday when the company Kraken LLC announced that it would conduct an increase of 250 new hires in its company, during this 2020. However, the figure could rise to 350, according to local media.
Similarly, Binance Holdings Ltd. also decided to make an increase of up to 25% in its payroll. They currently have 1,000 hired and they hope to incorporate this new human resource for the first quarter of the year. This new edition seeks to focus on supporting affiliate tools such as Binance Pool, the new mining alternative launched last April.
Likewise, OkEx and Coinbase are also in the process of recruiting a new workforce. The exchange house OkEx, mentioned that, although they have more than 1,000 employees, they could be preparing a new number of vacancies that could well be available by the end of May.
This growth in the cryptocurrency ecosystem is due to the calculations of some experts who assure that the fall of traditional financial markets would boost the purchase of cryptocurrencies. A warning of this can be reflected in the increase in investors and the numbers of people making transactions with digital currencies during the coronavirus pandemic.
Nic Carter, Co-Founder of the American company Coin Metrics, mentioned that the halving could open up a greater awareness of cryptocurrencies and their importance right now. “Halving excitement could well be part of this, more generally I would say that there is a greater awareness of cryptocurrencies as an asset class among the public”, it said.
Coin Metrics is dedicated to crypto market research, and they have recently recruited new staff to work full time at their Boston headquarters.
According to some members of the US government entities, requests for government aid have increased in recent weeks. Millions of Americans have become unemployed as a result of the pandemic, reaching figures above 30 million unemployed. These data turn out to be alarming, since the first figures registered on April 25th, pointed to only 3.84 million jobless claims.
The cryptocurrency ecosystem has become a major topic of evaluation, despite many other businesses related to these assets have been decreasing their personnel incorporation compared to previous years. It turns out to be contrary to exchange houses, which use these assets to trade since they get their profits from the commissions for transactions made.
In this way, the recovery of bitcoin prices, the fall of traditional markets, the halving on the doorstep, and the increase of investors in areas less affected by the pandemic, make crypto exchange houses one of the best alternatives for business and capital protection in this year 2020.
By María Rodríguez
