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Blockchain.com will improve its workforce by 1 / 4 in early 2024, strategically shifting into new markets similar to Nigeria and Turkey.
To spearhead the growth, the corporate has appointed Curtis Ting, previously Kraken’s head of worldwide operations. Ting’s main function will probably be establishing the corporate’s new Paris hub and forming localized entities throughout Europe. Blockchain.com’s European operations are centralized in London, however the growth will diversify its presence throughout the continent.
Blockchain.com CEO Peter Smith revealed in a current interview with Bloomberg the corporate’s intentions to pursue further native licenses, additional cementing its compliance with regional regulatory frameworks.
Blockchain.com at present has roughly 300 workers, which is able to considerably improve with its expansion to Nigeria and Turkey. This resolution comes when the crypto business is actively recovering from the crypto winter.
The corporate lately secured $110 million in a collection E strategic financing spherical led by U.Okay.-based Kingsway Capital. This funding spherical has adjusted the corporate’s valuation to lower than half its peak of $14 billion in early 2022.
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