Binance will employ 600 people by the end of the year, bringing the total number of employees to 8.000

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Founder and CEO CZ said that Binance wants to grow even bigger so it is actively hiring 600 more employees by the end of the year.

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The exchange had about 5.900 employees as of June and now has more than 6 employees.

Changpeng Zhao (CZ) said that the company is aiming to have 8.000 employees later this year.

Concerns about Binance's dominance in the crypto industry grew after rival crypto exchange FTX collapsed earlier this month.

Last week, Zhao said at a conference in Indonesia that Binance plans to establish a Cryptocurrency Industry Recovery Fund , and a global cryptocurrency association for “setting the standards for the industry to thrive”.

Last week, Binance said in a written submission to the UK Parliamentary Finance Committee that it does not intentionally seek to weaken an opponent FTX, FTX's financial irregularities led Binance to actively limit its involvement with the company.

Since Binance announced that it will be selling its FTT token holdings, many people think that Binance contributed to the sudden demise of FTX.


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