Skip to content
Schrannenhalle

Schrannenhalle

Binance Hiring Despite Crypto Industry Downturn: Exchange to Increase Workforce by 15-30%

Posted on 13. January 2023 By admin

• Binance, a crypto exchange, has announced that it will be increasing its workforce by 15-30% in 2023.
• This comes at a time when rival exchanges have been laying off employees due to the crypto industry downturn and a massive FTX fall.
• Coinbase, Kraken, and Huobi have all announced major layoffs recently.

Binance, one of the world’s leading cryptocurrency exchanges, has announced plans to increase its workforce by 15-30% in 2023. The announcement was made by Binance CEO Changpeng Zhao at the Crypto Finance Conference held in St. Moritz, Switzerland. This comes at a time when rival exchanges have been laying off employees due to the current crypto industry downturn and a massive FTX fall.

Currently, Binance has 687 job openings on its website’s careers page. This is in addition to the 5,000 workers that were hired in the previous year, as stated by Zhao at the conference. The news of the exchange hiring comes at a time when other crypto companies are cutting jobs. Coinbase recently announced its plan to fire over 900 employees from a total of 4,700 employees, which would mean that 20% of the company’s workforce would be rendered jobless. Kraken, too, announced that it would be cutting around 30% of its workforce. Huobi also plans on job cuts this year, and an estimated 20% of its workforce is expected to be laid off. For Coinbase, however, this would be a second round of layoffs.

Binance, on the other hand, remains optimistic despite $1.4 trillion evaporating from the crypto market. The exchange has been investing in technology, products, and teams to strengthen its position in the industry and increase its market share. Binance has also been actively expanding into international markets, including launching its own fiat-to-crypto exchange in Singapore and launching its own crypto-to-fiat exchange in Uganda. In addition, Binance recently received the green light to trade cryptocurrencies in Sweden, as part of its European expansion.

It appears that Binance is well-positioned to not just survive the current turmoil in the crypto market, but also to come out stronger. With the new hiring drive, the exchange further solidifies its position as a major player in the cryptocurrency space.

Allgemein

Post navigation

Previous post
Next post

Recent Posts

  • Crowd Millionaire Review: Is This Bitcoin Trading Platform a Scam?
  • Bitcoin Profit Way Erfahrungen: Funktioniert der Handelsroboter wirklich?
  • Corona Millionaire Review: Scam or Legit? Unveiling the Best Bitcoin Trading
  • Bitcoin Lucro Erfahrungen und Test – Bitcoins handeln mit Leichtigkeit
  • Bitcoin Dynamit Erfahrungen: Der beste Weg, um mit Bitcoins zu handeln und Gewinne zu

Recent Comments

    Archives

    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • February 2022
    • October 2021
    • September 2021
    • August 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • December 2019
    • October 2019
    • June 2019
    • May 2019
    • June 2018

    Categories

    • Allgemein
    • Bitcoin
    • Casino
    • Crypto
    • Dateityp
    • Ethereum
    • Exel-Tipps
    • Methoden
    • nagradza
    • Rekordhöhe
    • Singapur
    • TV
    • Windows 7
    • Word-Tipps

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    ©2023 Schrannenhalle | WordPress Theme by SuperbThemes