Changpeng Zhao, CEO of crypto exchange Binance, has said the platform intends to expand its staff by 15-30% this year after hiring between 3,000 and 8,000 employees last year.
As reported by The Block, plans for this year also include upgrading technology, improving the efficiency of the trading platform as well as making investments in customer support.
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He has said:
"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. We want to disrupt ourselves rather than other people disrupting us."
Zhao has previously said that in 10-15 years there will be a decentralized exchange (DEX) that will surpass Binance in scale.
The platform has become a major beneficiary of the crisis that erupted last year. The company has strengthened its position in the market after the collapse of US exchange FTX.