Revolut to expand crypto capabilities with a hiring spree

Revolut doubles down on commitment to crypto.

Revolut plans to increase its crypto staff by 20 per cent in Europe, the UK and US over the next six months. 

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.

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

Revolut's doubling down on crypto comes amid the current carnage experienced in the nascent market. 

Since bitcoin and its peers hit all-time highs in November, recession and stablecoin-induced contagion have slashed £1.6tn ($2tn) off the industry's market cap. 

On Wednesday Revolut announced it would offer its customers access to 22 new cryptocurrencies, including metaverse tokens ApeCoin and Sandbox. 

"We see crypto as a long-term play and remain bullish on the crypto industry," said Emil Urmanshin, crypto general manager at Revolut.