Share this article
KuCoin Denies Layoff Rumors, Says It's Hiring 300
The crypto exchange plans to add employees in tech, compliance and marketing.
Updated May 11, 2023, 4:14 p.m. Published Jul 11, 2022, 12:25 p.m.
Cryptocurrency exchange KuCoin pushed back against rumors of massive layoffs, saying it actually intends to hire more than 300 employees over the coming months, CEO Johnny Lyu told CoinDesk via Telegram on Monday.
“KuCoin has not reduced staff and does not plan to do so,” Lyu said. “We are one of the few crypto platforms that continue to grow by relying on an effective business strategy, focusing on releasing new products and maintaining a healthy atmosphere in our team.”
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Lyu added the company was doing everything it could to “increase the productivity and motivation of employees,” while also focusing on expanding in innovation and compliance.
The total number of KuCoin's employees recently topped 1,000, and current plans imply hiring 300 more, Lyu said. That includes positions in its technology, compliance and marketing teams.
“We believe that our bet on growth in times of market turbulence is the only correct decision that helps us maintain a high bar," Lyu added. "Any conversations asserting the opposite should be considered untenable."
The market downturn has prompted many crypto companies and exchanges to lay off staff. To name three exchanges, Coinbase let about 1,100 workers go in June, Banxa laid off 70 employees, and Huobi is planning to lay off as much as 30% of its staff.
Meer voor jou
Wat u moet weten:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Meer voor jou
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Wat u moet weten:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
