Binance Job Cuts

Binance US Chief Executive Officer Brian Shroder has left the crypto trading platform and been replaced on an interim basis by Chief Legal Officer Norman Reed, according to a company spokesperson.

In February, layoffs in the crypto sector recorded a significant dip as compared to the January numbers. Most places that did decide to trim their respective teams did so in double digits throughout February’s 28-day period.

A severe drop in crypto prices this year has also impacted several crypto exchanges with stringent job cuts being announced. But some exchanges have managed to buck the trend, and are expanding operations even as markets tumble.

Cryptocurrency exchange Binance has opened 2,000 positions for hiring, Chief Executive Officer Changpeng Zhao said on Wednesday, a sharp contrast to a slew of job cuts by companies operating in the digital currency space.

Binance US Chief Executive Officer Brian Shroder has left the crypto trading platform and been replaced on an interim basis by Chief Legal Officer Norman Reed, according to a company spokesperson.

In February, layoffs in the crypto sector recorded a significant dip as compared to the January numbers. Most places that did decide to trim their respective teams did so in double digits throughout February’s 28-day period.

A severe drop in crypto prices this year has also impacted several crypto exchanges with stringent job cuts being announced. But some exchanges have managed to buck the trend, and are expanding operations even as markets tumble.

Cryptocurrency exchange Binance has opened 2,000 positions for hiring, Chief Executive Officer Changpeng Zhao said on Wednesday, a sharp contrast to a slew of job cuts by companies operating in the digital currency space.