Binance Increases the Number of Employees

While the decline in the cryptocurrency markets caused many exchanges to decide to downsize, Binance reported that 2,000 people will be hired.

Binance, the world's largest cryptocurrency exchange in terms of trading volume, is increasing the number of employees. As the decline in the cryptocurrency markets continued, a surprising statement came from Binance. Unlike its competitors, Binance decided to grow. Changpeng Zhao, CEO of Binance, known as CZ, announced that there are 2,000 open positions. Zhao said in the statement, “It was not easy to say no to Super bowl commercials, stadium naming rights, big sponsor deals a few months ago, but we did it. Today, we are recruiting for 2,000 open positions for Binance.” Coinbase Announces 1100 Job Layoffs On the other hand, Coinbase made a statement today, admitting that they have grown too big and reported that 1100 people will be laid off. BlockFi and Crypto.com also laid off many of their employees, while Meta Platforms and Intel Corp suspended hiring. Like Binance, which was in trouble with the regulators last year and has stepped up again this year by taking important initiatives regarding the problem, Kraken has announced that it has open positions unlike other exchanges. Kraken stated that new colleagues will be selected for 500 open positions. In the statement made by the stock market, the following statements were included: “We have not changed our hiring plan and are not considering layoffs. We have more than 500 positions to fill for the rest of the year and we believe bear markets are an opportunity to identify those who truly believe in our mission.”