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Crypto Exchange Binance Has Seen a 2000% Employee Increase Since 2017

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Apr 25, 2020

Binance is considered to be the largest cryptocurrency exchange in terms of the trading volume. Since the year of its development in 2017, it has shown massive growth. Now the company claims to have more than 1,000 employees.

2000% growth in Three years

Changpeng Zhao’s crypto exchange Binance has broken above the 1000 employee mark and now reportedly has 1,002 employees. This is a 2000% growth that the exchange platform has seen in three years. The co-founder of Binance exchange Yi He says that in the early days of the crypto exchange, there were around 50 employees and now the ratio of employees has increased by 2000%. Yi He said:

“When Binance first started in 2017, there were under 50 people. We have more than 1,000 employees today (currently at 1,002 and counting; we are welcoming new hires almost every day).”  

In July 2017, the crypto exchange initiated and run its ICO and collected around $15 million. Yi He says that their team was not so big at that time. He said, “we were already an international and decentralized team, collaborating remotely with the executive team”

Binance aims to hire new talented people this quarter

The COVID-19 pandemic has caused huge economic turmoil in the past weeks and because of this, several people have lost their jobs and are seeking new jobs. Amid this unemployment chaos, the crypto exchange plans to hire new people this quarter.

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Yi He stated:

“Many talented people have lost their jobs due to the current climate with a number of companies laying off their employees. We believe that this moment is the best time to recruit outstanding talent. This quarter, we will continue to recruit new hires and encourage people to apply at Binance.”

The team behind Binance has made it one of the best trading platforms for traders and they will love to work for the crypto exchange and the employee ratio might increase more in the future.

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