Despite market slowdown, Binance plans to add 15% to 30% workforce: Reports

The largest cryptocurrency exchange Binance intends to boost its staff by 15% to 30% this year, according to CNBC. At the Crypto Finance Conference on Wednesday in Switzerland, CEO Changpeng Zhao disclosed this.

According to Zhao, Binance’s employee count rose from 3,000 to close to 8,000 in 2022. The company would have more than 10,000 workers worldwide with an extra 30% of the workforce.

In stark contrast to other cryptocurrency companies that have been continuously laying off employees over the past year, the development.

Most recently, Coinbase announced it was firing 950 workers to reduce operating costs.

The next crypto bull run requires more “well-organized” business practices, Zhao also said at the conference.