Binance Grew Its Employees By 2,000% In 3 Years

One of the most interesting crypto news stories this weekend is the one of Binance. According to a new report, the major crypto exchange Binance grew its employees by more than 2,000% in only three years. As of recently, the exchange broke the 1,000 employee mark and showed tremendous growth ever since its initial coin offering (ICO).

What we can also notice is that the major crypto exchange now has over thousand employees. As the co-founder of the exchange Yi He told the media two days ago:

“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).”

For those of you who haven’t followed our Binance news before, the exchange conducted its ICO in July 2017, getting around $15 million in capital. It opened one month later. As He said, “Though our team during this time was not very large, we were already an international and decentralized team, collaborating remotely with the executive team.”

Binance grew its employee count and quickly became one of the crypto market’s go-to options for trading, boasting more than $1.5 billion in volume by June of the following year. Over the past few weeks, the coronavirus prevention measures and market downturns resulted in a mass number of layoffs and company difficulties.

“Many talented people have lost their jobs due to the current climate with a number of companies laying off their employees,” He said, and added:

“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.”

Despite all of this, the fact that Binance grew its employees by an astonishing 2,000% in only 3 years show massive potential. In terms of long-term goals, He explained that the mission of the exchange has not changed – they desire to increase financial accessibility, while enhancing cryptocurrency usability.

Only this year (2020), Binance grew its product offering too and launched a number of new features including options trading, expanding its line even more. The native token of the exchange, Binance Coin (BNB), is also one of the top 10 largest cryptocurrencies by market cap.