Binance to Increase its Staff Numbers by 30% in 2023

Binance to Increase its Staff Numbers by 30% in 2023

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Binance CEO Zhao

Amid Binance FUD, crypto firms insolvency, and massive crypto firms layoff, Binance is holding a contrarian view as it is looking to hire more workforce in 2023.

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Binance to Hire More Staff in 2023

The world’s largest cryptocurrency exchange Binance is looking to increase its staff by 15%-30% in 2023, Binance’s CEO confirmed in a statement on Wednesday.

According to Zhao, Binance currently has nearly 8,000 workers compared to its 3,000 workers in 2022 and will hire more staff in 2023 to increase the current staff numbers by nearly 30%.

Zhao disclosed the information in the Crypto Finance Conference in St. Moritz, Switzerland on Wednesday where he confirmed the need to get the company “well organized” prior to the next crypto bull run.

How Binance has been able to keep its head afloat amid the prolonged crypto winter which has led to crypto firms facing insolvency issues remains a mystery to the community.

Crypto exchanges like Kraken, Coinbase, and Huobi have announced staff lay off at least once since the beginning of the current crypto bear market that saw almost $1.4 billion wiped out of the crypto market last year. The recent disclosure by Binance’s CEO further affirmed “CZ” claims that the exchange is not facing liquidity issues contrary to what is being spread in the community.

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