Bitgoex to double staff in anticipation of growing institutional interest in cryptocurrencies

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Crypto Regulation
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The cryptocurrency division of investment giant BitGoex intends to hire additional specialists to expand its product line. The firm will hire an additional 110 blockchain specialists and 100 client managers by the end of the year.

BitGoex has launched an institutional-oriented cryptocurrency division with a focus exclusively on bitcoin. Current plans call for adding Ethereum support.

The team will move the platform's data and applications to the cloud for faster transactions and 24-hour trading. Employees will also tackle improvements to compliance and tax reporting tools.

"We don't dwell on downturns and [...] we aim to build the infrastructure for the future. We measure success by years and decades," said the company's CEO.

BitGoex currently serves about 400 clients, including registered investment advisers, hedge funds and asset managers.

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Graeme Massie

Graeme is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Graeme believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.