Binance CEO outlines ambitions to grow headcount by up to 30% in 2023

Quick Take

  • Binance CEO Changpeng Zhao said the exchange will continue to scale in 2023, with headcount growth goals of between 15% and 30%.
  • The exchange group grew from 3,000 to 8,000 in 2022 he added, speaking at a conference in St. Moritz, Switzerland.

Binance CEO Changpeng Zhao said the crypto exchange giant will continue to scale in 2023, with headcount growth goals of between 15% and 30%.

The exchange group grew from 3,000 to 8,000 people in 2022 he added, speaking at a conference in St. Moritz, Switzerland.

Plans for the year ahead include improving technology and making the expansive crypto exchange-operator more efficient, as well as investing in customer support. 

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“We have one business that is pretty big, pretty profitable but it is not going to last forever… we don’t want to become the Kodak," he said. "We want to disrupt ourselves rather than other people disrupting us.”

He also predicted that in 10 to 15 years there will be a decentralized exchange that is bigger than Binance. 


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Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].
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