Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s...
by kasey_junk on Monday November 28, 2022 @12:59PM
(#33776981)
The CME has ~3400 employees.
Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s...
by awinder on Monday November 28, 2022 @01:07PM
(#33777117)
3400 employees at 1.4B revenue (2021) is not great, it’s lower than twitters per employee ratio which was also not great. Amongst financials that headcount-to-revenue is pretty abysmal.
Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s...
by andirk on Monday November 28, 2022 @01:37PM
(#33777600)
Why is headcount so important? Especially for internationally run (read: not Silicon Valley expensive) companies and with probably large customer service depts (read: not expensive), is the headcount number thay easy to use as a metric?
Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s...
by FireBeyond on Monday November 28, 2022 @02:53PM
(#33778648)
> They're in the business since 2013
> If they are on a scam, it's a really long con: a decade and a half of a con?
How is 9 years "a decade and a half"?
Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s...
by TacticalCoder on Monday November 28, 2022 @04:06PM
(#33779641)
Oops my bad. Well at least Kraken started in 2011, so it's more than a decade old, but they only signed up customers starting from 2013.
But yup, I got my math really wrong there!
Kraken is one of the OG cryptocurrencies exchange. Maybe the oldest still around. They're in the business since 2013 or so.
Since then the Crypsy, Quadriga, Mt Gox, FTX, etc. have all come and gone (with their customers' money) but Kraken is still there. If they are on a scam, it's a really long con: a decade and a half of a con?
They're not "Binance big" but they do nearly as much volume as Coinbase, so 3 400 employees doesn't feel that surprising.
I don't think BlockFi did anywhere near the volume of trades Kraken is doing. As I understand it BlockFi was some kind of a "fire and forget" thing where you'd loan your crypto and get some yield in return. So very little things actually happening there compared to Kraken.
Yes, 900 employees was insanely huge for BlockFi. But I don't think 3 400 employees for Kraken looks that crazy.