Binance Chief Executive Changpeng Zhao said on Wednesday the company has opened 2,000 positions for hiring, contrasting job cut plans revealed by crypto companies such as Coinbase, Block, and Crypto.com over the past months.
"It was not easy saying no to Super Bowl ads, stadium naming rights, and large sponsor deals a few months ago, but we did. Today, we are hiring for 2,000 open positions for Binance," Zhao announced in a Twitter post.
Binance's decision comes amid a significant sell-off in the cryptocurrency market, which total market cap declined on Monday to under $1 trillion. Bitcoin plunged more than 30% over the past week, while Ethereum lost nearly 40% of its value in the same period.
