Hiring Amidst Layoffs
Binance is the opposite of what is happening in the crypto industry. Apart from driving global adoption of their exchange and cryptocurrency, the exchange is doing the opposite of what other crypto companies are doing.
Many crypto companies are laying off their workers with the declining global economy and the turmoil in the crypto market. Recently, Coinbase announced that about 950 employees would be relieved of their jobs.
However, on the part of Binance, they are hiring more staff when other crypto exchanges and companies are laying off theirs. During a press conference, the CEO said he hopes the company hires enough staff before the next bull market.
"We will continue to build and hopefully we will ramp up again before the next bull market," Changpeng Zhao said.
