Amidst the ongoing crypto market downturn and widespread job cuts across the industry, LBank Exchange has taken a contrarian approach by aggressively expanding its global workforce. The exchange, founded in 2015, continues to recruit both experienced professionals and interns across multiple regions, including Indonesia, the Philippines, Morocco, Turkey, Nigeria, and India.
Why LBank is Hiring When Others are Firing
Allen Wei, co-founder and CEO of LBank, stated: “We believe in weathering the storm ahead of the sunny day. LBank is building a strong ecosystem with users as the core … this is a great time to bring in more talents out there who may have unfortunately lost their source of livelihood.” The company currently operates in over 14 countries and aims to strengthen its global presence by tapping into the recently displaced talent pool.
LBank’s confidence stems from its solid fundamentals. The platform has maintained an unblemished security record since inception — never having been hacked — which is a rare feat in the crypto space. Additionally, its daily trading volume has exceeded $1.7 billion, placing it among the top 20 exchanges globally with deep liquidity.
Diversified Products and Ecosystem Growth
Beyond spot and derivatives trading, LBank offers staking services and an NFT marketplace, aiming to provide a comprehensive suite of crypto financial products. Its venture capital arm, LBank Labs, has already invested in over 100 blockchain projects. Recent partnerships include collaborating with Tezos India for the “TezIndia Hackathon” and with Adanian Labs for the “Crypto Accelerator Program” in Africa, reflecting its commitment to fostering innovation in emerging markets.
The exchange also conducts regular meetups in various cities worldwide to educate the community and build networking opportunities. As a result, LBank now serves more than 7 million users across 210+ regions.
Looking ahead, LBank Labs plans to deploy millions of dollars to incubate outstanding blockchain projects. The company’s counter-cyclical hiring and investment strategy signals a long-term bullish outlook on the crypto industry, even as short-term sentiment remains bearish.