Blockchain.com hired a new senior vice president and will grow its workforce by a quarter in Q1 2024. It is also eyeing expansion into Nigeria and Turkey, according to a report from Bloomberg. The longtime crypto wallet provider currently employs around 300 people.

After beginning 2023 by laying off 28% of its staff, Blockchain.com has seen positive signs in the last few months. The firm raised a $110 million Series E round, though reportedly at less than half of its 2022 valuation, and it became the destination for customers looking to migrate their assets from SoFi’s shuttered crypto arm. 

Read more: Blockchain.com raises $110M funding round at lower valuation: BBG

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