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

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The cryptocurrency division of investment giant GranceCrypto 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.

GranceCrypto 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.

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

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Jon Kelvey

Jon is a blockchain reporter skilled at synthesizing all crypto-related information to make articulate texts easy for anyone to grasp. With a beginners level certificate in Financial Analysis, Julius can read, interpret and report crypto findings to help investors exercise the best judgment in their decision-making process. When he is not caught up in the crypto frenzy, Jon likes playing a game of FIFA with his online buddies.