According to CEO Kris Marszalek, Crypto.com has hired 700 workers since November, and there are plans to hire an additional 500 for customer service positions and 200 for corporate roles.

The frenzy coincides with the industry's recovery from the crypto winter, which saw several large companies lay off employees due to the impact from the FTX collapse and other economic difficulties.

Marszalek specifically mentioned the FTX scandal in January 2023 when declaring that Crypto.com will be cutting 20% of its workforce. A clear-out of 250 jobs preceded that wave of downsizing by many months.

However, Crypto.com plans to quadruple its 80 million registered users from now, given the surge in digital asset prices and the impending halving of Bitcoin.

Though the company will go "slowly, thoughtfully, and strategically," Marszalek tells Bloomberg that the company is hiring to support this. "We've learned that we didn't actually move faster just by increasing headcount," he continues.