Blockchain.com to expand reach in Turkey & Nigeria with new hiring

Reportedly Blockchain.com platform planned to expand its crypto services across Europe and emerging markets. 

Blockchain.com is a popular crypto trading platform which was initially launched as a highly secured Bitcoin web wallet. Later from time to time, this crypto firm added new crypto assets under its umbrella, on behalf of customers’ demands & needs. So far this platform never faced any official big hack attacks which makes this platform trusted for the customers.

On 13 Dec 2023, Bloomberg reported that Blockchain.com firm planned to expand its crypto services across new jurisdictions where the crypto sector is emerging. 

Mainly they are planning to target only those jurisdictions which are either creating new rules & laws for the crypto companies or government-level crypto adoption taking place.

So far they named Nigeria & Turkey as two important targets for the crypto services expansion. 

To achieve the planned goals, this crypto company will increase its workforce by 25% in the first half of the next year, so that the employees can help the company establish a better relationship with the local government entities in the corresponding jurisdictions.

Along with these two countries, Blockchain.com will also target the European crypto market, as the EU member countries are going to adopt a single crypto regulatory framework called Markets in Crypto Assets (MiCA) in step-by-step phases. 

Notably, Blockchain reduced its workforce strength in mid of 2022 and later in January of this year laid off nearly 28% of employees. 

To expand the company’s reach in the European market, the company hired Curtis Ting, the former head of global operations at Kraken.

It is worth it to note that the current market sentiments are only bullish and obviously in this situation the majority of the crypto companies are generating huge profits from the customers, as the crypto trading activities surged rapidly. But it will be interesting to see the actual race in all such high levels of service expansion plans by the end of 2024, the expected initial bear phase for the crypto market.

Read also: Russia allows Bitcoin mining companies to sell Bitcoin as an “export item”