After the news of Crypto.com, Gemini and Coinbase being forced to lay off some of their employees, Binance has, conversely, announced that it will be hiring new staff. There are 2,000 job positions that will need to be filled, including engineer, product, marketing, and business development roles.
According to Changpeng Zhao, Binance’s CEO, the world’s biggest cryptocurrency exchange will need to leverage the ongoing “crypto winter” to its advantage. Binance’s co-founder Yi He has previously stated that the crypto space is still in its early stages. According to her, it is now a great time to hire new talent.
The adverse market condition and the possible impending recession are to blame for the loss of value all across the crypto market, which lead to layoffs. For instance, at the time of writing Bitcoin’s price is $22,269.75. That is a 67% drop from its all-time high last November.
Some other crypto companies will also be hiring more employees. The cryptocurrency exchange FTX is one of them. Polygon Studios is the company behind the Polygon protocol. Polygon announced that it plans to increase the size of its staff by 15% this year.