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

by
Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

The cryptocurrency division of investment giant BitNerx 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.

BitNerx 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.

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

Read more about

Martyn Landi

Martyn Landi is a savvy blockchain content writer with about 5 years of experience. He helps crypto brands gain visibility by creating content with a tone, voice, and style that aligns with their vision and goals. When he is not writing or tweeting about cryptocurrencies, NFTs, web3, or metaverse, he is either cycling, watching movies, or reading other content.