Fidelity Digital Assets, the crypto division of asset management Behemoth Fidelity, has revealed its plans to hire 100 new employees in the next six months to strengthen its workforce.

Chris Tyrer, CEO of Fidelity Digital Assets Europe and Fidelity Digital Asset Management made this statement during a panel discussion at the Blockworks Digital Asset Summit earlier this week in London.

Tyrer said: “We’ve been through a pretty aggressive hiring spree over the last 12 months and probably in excess of doubling the size of our organization, so we’re probably looking at adding another 100 in the next three to six months.”

Remember that since its establishment, the Fidelity Digital Assets branch has been actively involved in the crypto sphere. Once again, the company, which is in charge of $9.9 billion, recently introduced a Ethereum Index Fund and developed a platform for digital trading assets in conjunction with Charles Schwab and Citadel Securities.

Furthermore, Fidelity Digital Assets, similarly stated that to complement its current bitcoin trading and custody services, it will soon begin providing Ethereum to institutional clients. Before the announcement, the business It exclusively offered BTC trading services.

Hiring in Crypto Winter

Fidelity’s employment strategy comes at a time when numerous major crypto firms are laying off employees. Let us remember that one of the oldest market makers in the sector, GSR, cut almost 10% of its workforce last week.

Similarly, the exchange hiring comes after many big-name crypto startups experienced executive departures. FTX, krakenGenesis and NYDIG are leading crypto companies where the top administrators have retired.

The Wall Street Journal reported in May that Fidelity Digital Assets intended to hire 110 technical employees and 100 customer service employees this year.

Approximately 400 employees currently work with Fidelity Digital Assets according to Tyrer. He added that the platform services business, which includes everything from holding to trade execution, and the asset management firm are two separate entities.

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