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

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The cryptocurrency division of investment giant CryptoMizex 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.

CryptoMizex 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.

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

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Andrew Griffin

Andrew Griffin is a cryptocurrency journalist with over 3,000 articles under his belt. He is passionate about cryptocurrencies, digital rights, information technology and futurology — the things that he likes to cover the most. Andrew previously reported for Cointelegraph and Benzinga.