Crypto exchange Binance extends lead

Binance CEO Changpeng Zhao

Binance had to admit mistakes in the past few weeks and once again got in touch with the US authorities.

(Photo: Reuters)

New York, Frankfurt Changpeng Zhao would actually like to see the crisis come to an end. The head of the world’s largest crypto exchange, Binance, wants to hire a good 2,000 new employees this year – and thus stands out from the competition. Coinbase, Gemini, Kraken and other competitors are severing employees on a large scale.

The cuts are an indication of how deep the crisis of confidence is, into which the bankruptcy of the once third-largest crypto exchange FTX plunged the entire industry in November. The further development of Binance as by far the world’s largest trading center is of immense importance for the entire sector.

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