Binance CEO plans to hire more employees

Binance CEO Changpeng Zhao said that he plans to hire more employees during the crypto winter and strengthen the company’s market position.

The company has opened more than 2,000 positions for managers, marketing experts and engineers. He Yi, the co-founder of the exchange, noted that the crypto industry is still in its infancy, so it is a great opportunity to recruit new talent.

Binance has been working on business development and seeks to establish relations with regulators of countries around the world. The company has already received the virtual assets service provider licences in France and Italy. Moreover, the exchange may soon open an official headquarters. It can be placed in Ireland, France or the UAE.

Earlier Binance announced profitable updates for VIP clients. The new ways to get VIP status also have been added. If you do not have a Binance account yet, then you can register it with us and get additional bonuses from the VipDeposits loyalty program.

Binance is not the only crypto exchange which intends to hire new employees during the crypto winter. FTX will also staff up and continue to progress.

At the same time, Coinbase, Crypto.com and Gemini’s executives announced staffing cuts in order to optimise work during the recession and maintain profitability.

According to Coinbase CEO Brian Armstrong, the crypto crisis can last for a long time, so it is necessary to optimise all processes. He also noted that during the upswing of the cryptomarket, the company expanded too quickly and hired too many employees. Armstrong thinks that the personnel costs exceeded the allowable limit more than four times.

Crypto.com CEO Kris Marszalek also announced the dismissal of 260 exchange’s employees. By such a decision, the company intends to ensure sustainable business growth over the long term and become one of the major companies in the crypto market. The current strategy of Crypto.com is focused on profit optimization.