San Francisco-based Crypto Exchange Kraken to Hire 67 New Staff Members, Despite Economic Uncertainty Due to Coronavirus

Trillions of dollars have been injected into the world’s financial markets in order to stabilize the global economy, following the deadly coronavirus (COVID-19) outbreak.

The United States recently reached the highest unemployment rate in its entire history.

Even during these times of uncertainty, US crypto exchange Kraken confirmed that it wants to increase its workforce by as much as 10%. The San Francisco-based cryptocurrency exchange made this announcement as the price of Bitcoin (BTC) and other major digital assets have experienced sharp declines.

Kraken’s team, which consists of around 800 professionals, will reportedly be adding 67 new employees during the next few weeks. Many of the exchange operator’s openings are for workers who are hospitality professionals specializing in liberal arts.

Data from Indeed.com revealed that there were 114.5 per million blockchain-focused jobs, as of December 2019. That was almost right before the first new COVID-19 case was found and reported. The number of blockchain-related roles appears to have increased since then, as there are now 118.4 per million such jobs available, as of last month.

Distributed ledger technology (DLT) sector professionals seem to be confident in the future performance of the cryptocurrency market. Jihan Wu, the billionaire founder of Bitcoin mining giant Bitman, noted (during a recent Chinese blockchain media event):

“There are two reasons [to be bullish about crypto]: first, from China and its neighboring countries experiences, coronavirus can be contained and taken under control in about 2 months. Secondly, countries around the world are adopting great quantitative easing monetary policies.”

Tyler Winklevoss, co-founder at American digital asset exchange Gemini, argued via Twitter that that Bitcoin (BTC) is the “only vaccine in the world that can give you immunity to the money printing disease.”

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