Since January, Binance has employed 600 individuals, according to a spokeswoman.
A Binance representative said the cryptocurrency exchange is “not planning any layoffs” and is hiring 500 more people by June.
Despite a substantial increase in crypto layoffs in January—mostly from crypto exchanges—the statements were made. Binance stated:
“As of today, we are actively hiring for more than 500 roles with the goal of filling them by the end of H1 […] We are not planning any layoffs.”
On March 1, Cointelegraph asked the spokesman to clarify a tip about probable redundancy at the crypto exchange. Latest remarks seem to disprove this hypothesis.
Binance currently has 463 job vacancies in business development, communications, customer service, and engineering.
Source: Binance
CNBC reported on January 11 that Binance CEO Changpeng Zhao planned to hire 15% to 30% more people in 2023.
The spokeswoman stated the business has employed around 600 individuals since 2023.
Coinbase, Huobi, Blockchain.com, Crypto.com, and Luno were responsible for 84.8% of January’s crypto layoffs, according to CoinGecko.
Coinbase cut 950 jobs on Jan. 10, while Crypto.com cut 500 on Jan. 13.
When FTX collapsed and Binance introduced zero-fee Bitcoin BTC trading, Arcane called it one of the “winners” of 2022.
The exchange has also been closely monitored. Most recently, controversy has centred around the alleged moving of $1.8 billion in money, which some have linked to insolvent crypto exchange FTX.
Binance CEO Changpeng Zhao called the charges “FUD” and said it was exchange protocol on Twitter.
In January, 14 crypto companies and over 3,000 jobs were eliminated, followed by 570 layoffs in February.
The crypto market valuation has increased by over 34% in 2023, according to CoinMarketCap, while other enterprises, including USDC issuer Circle, are employing.
