While most crypto exchanges are slashing headcounts and freezing withdrawals amid the bear market, LBank Exchange is taking the opposite approach — aggressively expanding its global team. The platform, founded in 2015, is currently hiring blockchain talents and interns from Indonesia, the Philippines, Morocco, Turkey, Nigeria, India and other regions, with employees already stationed across more than 14 countries.
Seven Years, Zero Hacks: Security as a Core Advantage
LBank has maintained an impeccable security record since its inception, with zero successful hacks or security breaches. The exchange offers spot trading, derivatives, staking, and an NFT marketplace, providing deep liquidity and a user-friendly experience. According to recent data, LBank's daily trading volume exceeds $1.7 billion, and it serves over 7 million users from more than 210 regions worldwide, placing it among the top 20 crypto exchanges by liquidity.
CEO Allen Wei: 'Weather the Storm and Build for Sunny Days'
“We believe in weathering the storm ahead of the sunny day. LBank is building a strong ecosystem with users as the core, and the structure we are all enjoying today was created by a team of brilliant minds. For us, this is a great time to bring in more talents who may have unfortunately lost their source of livelihood,” said Allen Wei, co-founder and CEO of LBank. This statement contrasts sharply with the mass layoffs sweeping the industry, where some exchanges have cut 30%–50% of their workforce. LBank, by hiring more, is betting on a long-term recovery.
LBank Labs: $100M+ Investment in 100+ Projects
Beyond its core exchange business, LBank operates a venture capital arm called LBank Labs, which has invested in over 100 blockchain projects to date. Notable partnerships include the “TezIndia Hackathon” with Tezos India and the “Crypto Accelerator Program” in Africa with Adanian Labs. These initiatives not only expand LBank's ecosystem but also provide educational and networking opportunities for the community through various meetups held in multiple cities globally.
Counter-Cyclical Strategy: From Follower to Leader
In a market plagued deleveraging and trust crises, LBank's counter-cyclical hiring and investment strategy highlights its long-term vision. Analysts suggest that bear markets often offer incumbents a window to strengthen moats — by acquiring talent at lower costs and funding ecosystem projects while competitors retreat. LBank's series of global meetups also foster community loyalty, positioning it to gain market share when the cycle turns.
“We are building an ecosystem that can survive multiple cycles,” Wei concluded. As the crypto mantra 'the ones left behind survive' plays out, LBank's contrarian moves could well be laying the foundation for the next bull run.