Despite the decline in the cryptocurrency market, Binance, one of the largest and most popular crypto exchanges in the world by trading volume, continues its expansion plans. According to the Binance CEO’s statement, the company plans to hire 2,000 additional employees.
Binance’s competitors in the industry, other well-known cryptocurrency exchanges Coinbase and Gemini, announced that they would lay off workers. Led by the Winklevoss brothers, exchange Gemini announced a 10% cut in its workforce, while Coinbase decided to lay off 1,100 employees. Binance CEO Changpeng Zhao announced on Twitter that they will be hiring new people.
What makes Binance’s decision to create so many new vacancies even more epic is the SEC investigation launched against Binance last week. Despite this, Binance’s strong standing was also appreciated on Twitter.
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