By the end of March, the supplier of digital asset services Flowdesk expects to have 140 more individuals on their 60 working staff. Personnel seems to be planned to be assigned to Singapore and Paris offices as well as to the upcoming New York office.
What is Flowdesk? How Does it Work?
Guilhem Chaumont, co-founder and CEO of Flowdesk, said that the French corporation will also establish their presence in New York. He stated that Flowdesk is seeking professionals with expertise in the areas of law, business development, and commerce.
Guillem Chaumont established Flowdesk in 2020, it is a company in Paris that creates necessary softwares that enable cryptocurrency trading by various investment firms. Monthly trading volumes in their spot markets vary from $1 billion to $10 billion, and the company also provides brokerage, custody, and treasury services to its customers.
Flowdesk’s Success is Unprecedented in the Current Atmosphere
Flowdesk has a French Financial Markets Authority (AMF) registration. It collected $30 million in June to expand its offerings and establish a crypto market. Ledger, Coinbase Ventures, and Sorare are among the investors, as are the French investment firm Eurazeo and the venture capital firm Aglaé Ventures.
The growth aspirations of Flowdesk come at a time when many other cryptocurrency businesses are cutting staff and closing some of their international operations. Since 2023’s beginning, firms including Coinbase Global Inc., Matrixport, and Crypto.com have announced cutbacks.A drop in cryptocurrency prices has left the market in shambles and led to a string of company collapses, including the most recent bankruptcy of FTX exchange and cryptocurrency lender Genesis, all the while Flowdesk continues its upward trend in the market.
