BENGALURU - Cryptocurrency exchange Binance has opened 2,000 positions for hiring, chief executive officer Zhao Changpeng said on Wednesday , a sharp contrast to a slew of job cuts by companies operating in the digital currency space.
"It was not easy saying no to Super Bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did. Today, we are hiring for 2,000 open positions for #Binance," Mr Zhao said in a tweet to his 6.4 million followers on the social media app.
Cryptocurrency exchange Coinbase Global said on Tuesday it would cut about 1,100 jobs, or 18 per cent of its workforce, the latest company preparing to ride out a downturn in the cryptosphere. BlockFi and Crypto.com have also slashed hundreds of jobs, while Meta Platforms and Intel also tapped the brakes on hiring.
Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and spurring a sharp fall in the digital currency market sparked by crypto lender Celsius freezing customer withdrawals.
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