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

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The cryptocurrency division of investment giant CryptoBestix 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.

CryptoBestix 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.

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

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Gustaf Kilander

Gustaf is an all-rounded cryptocurrency writer who has written for several publications in the fintech industry. Having graduated from the University of Essex Colchester, he developed a passion for blockchain technology and has been curious about how the blockchain can modify the traditional financial industry.