New Delhi: Cryptocurrency exchange Binance has opened 2,000 positions for recruitment, Chief Executive Officer Changpeng Zhao said on Wednesday, a sharp contrast to job cuts by companies operating in the digital currency space. Zhao said in a tweet to his 6.4, “Say no to Super Bowl commercials, stadium naming rights, big sponsor deals a few months ago, but we did. Today, we recruited 2000 open positions for #Binance are doing.” Millions of followers on social media app
Binance did not immediately respond to a request from Reuters for additional details on the new jobs. (Also Read: ‘How to Login?’ Bengaluru Auto Driver Asks Employee to Be Late to Work)
Binance’s move comes amid extreme volatility in the cryptocurrency market as investors are dumping riskier assets out of fear that rising inflation could prompt the US Federal Reserve to aggressively raise interest rates and propel the economy into recession. Will force (Also read: Yogi’s big decision! Stamp duty waived on transfer of property within family)
Cryptocurrency exchange Coinbase Global Inc. said on Tuesday that it will cut nearly 1,100 jobs, or 18% of its workforce, the latest the company is preparing to ride out the downturn in the cryptosphere.
BlockFi and Crypto.com have also cut hundreds of jobs, while Meta Platforms and Intel Corp have also put the brakes on hiring. Bitcoin fell to a new 18-month low on Wednesday, dragging the smaller token down with it and a sharp drop in the digital currency market, prompting crypto lender Celsius to halt customer withdrawals.