Blockchain.com to increase workforce by 25% amid international expansion

Blockchain.com will increase its workforce by a quarter by early 2024, strategically moving into new markets such as Nigeria and Turkey.

To lead the expansion, the company appointed Curtis Ting, Kraken’s former head of global operations. Ting’s primary role will be to establish the company’s new center in Paris and form localized entities across Europe. Blockchain.com’s European operations are centralized in London, but the expansion will diversify its presence across the continent.

Blockchain.com CEO Peter Smith revealed in a recent interview with Bloomberg the company’s intentions to obtain additional local licenses, further cementing its compliance with regional regulatory frameworks.

Blockchain.com currently has approximately 300 employees, which will increase substantially with its expansion to Nigeria and Türkiye. This decision comes as the cryptocurrency industry is actively recovering from the cryptocurrency winter.

The company recently raised $110 million in a strategic Series E funding round led by UK-based Kingsway Capital. This investment round has adjusted the company’s valuation to less than half of its high of $14 billion in early 2022.

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