🚨 Get Your Free NFT Certificate Mint by Completing the Web3 Exam! START NOW
My Learnlist: Coming Soon!
My Learnlist: Coming Soon!

Learn by real-life examples: Select, Track & Understand any cryptos with the unique Learnlist feature!

Notify Me!
Portfolio: Coming Soon!
Portfolio: Coming Soon!

Set your wallet & get powerful insights backed by data. Easily learn how to use it for your highest rewards!

Notify Me!

Binance's CZ to Take Advantage of Current Crypto Bear Market

Binance's CZ to Take Advantage of Current Crypto Bear Market

CZ seeks to expand operations despite the market carnage.

Changpeng Zhao (CZ), CEO of the world’s largest crypto exchange Binance, remains unfazed by the current crypto market turmoil as he recently implied that crypto winter is the best time to start hiring new employees.

According to CZ, the crypto bear market is a good opportunity to find “top talents” as the crypto markets are now “more balanced.” He added:

What is a Bitcoin & How Does it work? (Animated Explainer)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What is a Bitcoin & How Does it work? (Animated Explainer)

What is a Bitcoin & How Does it work? (Animated Explainer) What is a Bitcoin & How Does it work? (Animated Explainer)
“Right now is much better to hire, during bull markets, everyone is starting their own projects, and everyone is getting paid a ridiculous amount of compensation.”

Yi He, the co-founder of Binance, also commented that the exchange is currently looking for around 2,000 employees in different fields, “from engineers, product, marketing to business development.” She added:

“The crypto space is still in its early stages, and bull markets tend to care more about price while bear markets have more value-conscious teams that continue to build the industry. We see this as a great time to bring on top talent."

On top of that, amid various crypto exchanges laying off a significant amount of their workforce, Binance remains confident that it’s the perfect time for companies to expand. CZ also mentioned that “it’s not the first time we’ve gone through a crypto winter,” adding that this was his third time facing such harsh market conditions.

Earlier in June, a crypto exchange dubbed Gemini fired 10% of its employees, explaining that such a decision was driven by the current bear crypto market. Likewise, on June 14, another cryptocurrency exchange platform Coinbase announced that it would be laying off roughly 18% of its team members.

Yesterday, Binance and Splyt, one of the most popular B2B global lifestyle services networks, partnered up to provide over 90M Binance users the opportunity to pay for ridehailing and other various services in different cryptocurrencies.

Aaron S., Editor-In-Chief
Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.



Earn Huge Exclusive Binance Learners Rewards