
Flowdesk, a French crypto firm, will double its workforce and expand internationally.
By CoinUnited
While the rest of the digital asset market is still reeling from last year's selloff, Flowdesk, a French cryptocurrency trading technology business funded by Ledger and Coinbase Ventures, aims to more than quadruple its personnel and expand internationally.
Flowdesk co-founder and CEO Guilhem Chaumont stated in an interview that the firm plans to double its workforce from 60 to 140 by the end of March, with workers working out of offices in Paris, Singapore, and soon, New York.
When hiring, Flowdesk will be looking to fill positions in business development, trading, operations, and legal and compliance.
The Parisian startup creates the software that investment firms and other businesses need to trade cryptocurrency on numerous exchanges. It also provides clients, such as digital-asset issuers, with brokerage, custody, and treasury management services.
Flowdesk's aspirations to grow come at a time when many other cryptocurrency firms are shrinking, slashing their workforce and closing some of their worldwide offices. Since the beginning of 2023, a number of firms, including Coinbase Global Inc., Matrixport, and Crypto.com, have announced layoffs.
The recent collapses of exchange FTX and cryptocurrency lender Genesis are just two examples of how the industry has been reeling from a drop in cryptocurrency prices that has prompted a wave of company failures.
Although the largest token, Bitcoin, rose 39% in January and is presently trading at over $23,000, trading volumes have been low, indicating that investor confidence has not yet fully recovered.
Flowdesk is asking for licenses with regulators in various locations as it grows its worldwide footprint, and its monthly spot market trading volumes range from $1 billion to $10 billion. To facilitate cryptocurrency trading in Singapore, the company has filed to the Monetary Authority of Singapore for a license to operate as a digital payment token issuer.
To now, it has been approved by the AMF, France's financial markets regulator.
Eurazeo and Aglaé Ventures led a $30 million investment round for Flowdesk in June. Additionally present were Ledger, Coinbase Ventures, and Sorare.
Flowdesk is looking to fill positions in a variety of departments, including business development, trading, operations, legal and compliance.
The Parisian startup creates the software that investment firms and other businesses need to trade cryptocurrency on numerous exchanges. It also provides clients, such as digital-asset issuers, with brokerage, custody, and treasury management services.
Flowdesk's aspirations to grow come at a time when many other cryptocurrency firms are shrinking, slashing their workforce and closing some of their worldwide offices. Since the beginning of 2023, a number of firms, including Coinbase Global Inc., Matrixport, and Crypto.com, have announced layoffs.
The recent collapses of exchange FTX and cryptocurrency lender Genesis are just two examples of how the industry has been reeling from a drop in cryptocurrency prices that has prompted a wave of company failures.
Although the largest token, Bitcoin, rose 39% in January and is presently trading at over $23,000, trading volumes have been low, indicating that investor confidence has not yet fully recovered.
Flowdesk is asking for licenses with regulators in various locations as it grows its worldwide footprint, and its monthly spot market trading volumes range from $1 billion to $10 billion. To facilitate cryptocurrency trading in Singapore, the company has filed to the Monetary Authority of Singapore for a license to operate as a digital payment token issuer.
To now, it has been approved by the AMF, France's financial markets regulator.
Eurazeo and Aglaé Ventures led a $30 million investment round for Flowdesk in June. Additionally present were Ledger, Coinbase Ventures, and Sorare.
Flowdesk co-founder and CEO Guilhem Chaumont stated in an interview that the firm plans to double its workforce from 60 to 140 by the end of March, with workers working out of offices in Paris, Singapore, and soon, New York.
When hiring, Flowdesk will be looking to fill positions in business development, trading, operations, and legal and compliance.
The Parisian startup creates the software that investment firms and other businesses need to trade cryptocurrency on numerous exchanges. It also provides clients, such as digital-asset issuers, with brokerage, custody, and treasury management services.
Flowdesk's aspirations to grow come at a time when many other cryptocurrency firms are shrinking, slashing their workforce and closing some of their worldwide offices. Since the beginning of 2023, a number of firms, including Coinbase Global Inc., Matrixport, and Crypto.com, have announced layoffs.
The recent collapses of exchange FTX and cryptocurrency lender Genesis are just two examples of how the industry has been reeling from a drop in cryptocurrency prices that has prompted a wave of company failures.
Although the largest token, Bitcoin, rose 39% in January and is presently trading at over $23,000, trading volumes have been low, indicating that investor confidence has not yet fully recovered.
Flowdesk is asking for licenses with regulators in various locations as it grows its worldwide footprint, and its monthly spot market trading volumes range from $1 billion to $10 billion. To facilitate cryptocurrency trading in Singapore, the company has filed to the Monetary Authority of Singapore for a license to operate as a digital payment token issuer.
To now, it has been approved by the AMF, France's financial markets regulator.
Eurazeo and Aglaé Ventures led a $30 million investment round for Flowdesk in June. Additionally present were Ledger, Coinbase Ventures, and Sorare.
Flowdesk is looking to fill positions in a variety of departments, including business development, trading, operations, legal and compliance.
The Parisian startup creates the software that investment firms and other businesses need to trade cryptocurrency on numerous exchanges. It also provides clients, such as digital-asset issuers, with brokerage, custody, and treasury management services.
Flowdesk's aspirations to grow come at a time when many other cryptocurrency firms are shrinking, slashing their workforce and closing some of their worldwide offices. Since the beginning of 2023, a number of firms, including Coinbase Global Inc., Matrixport, and Crypto.com, have announced layoffs.
The recent collapses of exchange FTX and cryptocurrency lender Genesis are just two examples of how the industry has been reeling from a drop in cryptocurrency prices that has prompted a wave of company failures.
Although the largest token, Bitcoin, rose 39% in January and is presently trading at over $23,000, trading volumes have been low, indicating that investor confidence has not yet fully recovered.
Flowdesk is asking for licenses with regulators in various locations as it grows its worldwide footprint, and its monthly spot market trading volumes range from $1 billion to $10 billion. To facilitate cryptocurrency trading in Singapore, the company has filed to the Monetary Authority of Singapore for a license to operate as a digital payment token issuer.
To now, it has been approved by the AMF, France's financial markets regulator.
Eurazeo and Aglaé Ventures led a $30 million investment round for Flowdesk in June. Additionally present were Ledger, Coinbase Ventures, and Sorare.