Binance CEO Criticizes Cryptocurrency Exchanges Spending Money

Changpeng Zhao (CZ), CEO of the world’s leading crypto exchange Binance, criticized the money that crypto exchanges spend and said that Binance will hire 2,000 people for open positions.

CZ, 15 June In the past months, he shared on Twitter on Coinbase‘s Super Bowl commercials, Crypto.com and FTXfor stadium naming rights criticized the money spent and it’s not easy to say no to these offers, but Binance has achieved this expressed.

A few months ago it wasn’t easy to say no to Super Bowl commercials, stadium naming rights, big sponsor deals, but we did it.

Binance CEO attended last weekend Consensus 2022 ConferenceHe also made similar statements. CZ, referring to competing exchanges Binancestadium of naming rights to receive or Super Bowl avoids major promotional expenses such as advertising and you’re being thrifty had expressed.

CZ also in sharing Binance‘s on 2,000 positions for recruitment he said he did.

After the recent decline in the cryptocurrency market Coinbase, Crypto.com, BlockFi, Gemini and Robinhood This move, while many crypto companies such as Binanceof before CZof they have expanded hiring Moreover accelerated their merger and acquisition activities It shows that he is progressing in line with his statements.

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