2000 New Recruiting Positions Opened by Binance Amid Industry-Wide Waves of Job Cuts

2000 New Recruiting Positions Opened by Binance Amid Industry-Wide Waves of Job Cuts

In a Twitter post released this Wednesday, Binance CEO Changpen Zhao revealed that his firm is currently looking for 2000 new recruits to join the world’s largest cryptocurrency exchange. In the Twitter post, Zhao quoted that

“It was not easy saying no to Super bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did. Today, we are hiring for 2000 open positions for #Binance,”

This announcement comes at a time of turmoil for other crypto exchange giants, all of which are currently cutting jobs from their departments. American-based Coinbase, Binance’s major competitor, cut its work force by 18 percent, while two week earlier it was reported that Gemini had done the same by 10%.

Brian Armstrong, the CEO of Coinbase revealed his fear of an upcoming crypto winter, in which crypto assets are, according to his estimates, going to spiral out of control. He went on by saying that his firm is always planning for the worst scenario, due to the unpredictable nature of crypto assets’ volatility and the economy as a whole.

In a familiar tone, Tyler and Cameron Winklevoss, CEO and President (respectively) of Gemini, were quoted that “current macroeconomic and geopolitical turmoil” are the main reasons for the layoffs. The executives revealed that by pulling this move the exchange will be ready to take the next period of crypto growth by storm.

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