Changpeng Zhao (known informally as CZ) tweeted on Monday that the company aims to have 8,000 people on staff by the end of this year.
At the time of this tweet 👇, @Binance had 5900 people. Today we have 7400+ people. Targeting 8000 or so by end of year.
— CZ 🔶 Binance (@cz_binance) November 21, 2022
Hiring continues. https://t.co/p69p5aqrXe
The exchange had about 5,900 employees in June and has over 7,400 at the moment, CZ wrote in his tweet.
Concerns persist over the dominance of Binance in the cryptocurrency industry, even more so after rival crypto exchange FTX collapsed earlier this month.
Last week, Zhao said at an Indonesia conference that Binance plans to set up an industry recovery fund and a global cryptocurrency association to “set very strong standards for the industry.”
Binance said last week in a written submission to the U.K. Parliamentary Treasury Committee that it did not deliberately seek to undermine rival FTX, but added the company’s financial irregularities led Binance to reduce its exposure. Binance’s announcement that it would sell its FTT token holdings was widely seen as contributing to FTX’s sudden collapse.
