Binance CEO Changpeng Zhao, while speaking at a conference in St. Moritz, Switzerland, expressed optimism on the possibility of seeing the exchange attain 30% hiring growth in 2023 after its hiring data showed 62.5% growth in 2022.
CZ’s latest wishes reflect its plans for the year ahead; he also highlighted the improvement in technology, investment in customer support, and the need to make the wide crypto exchange operator more efficient.
The crypto mogul also reiterated that he is currently overseeing a “pretty big” profitable business which he won’t want to end up like kodak; in his words, “We want to disrupt ourselves rather than other people disrupting us.”
However, CZ hinted at the possibility of a decentralized exchange bigger than Binance 10 to 15 years from now.
Binance annual revenues grew by 10x despite FTX loss
The disastrous incidents engulfed the cryptocurrency markets in 2022, such as the collapse of the notorious Sam Bankman-Fried-led FTX exchange, increased calls for crypto scrutiny, and the significance of adopting self-custody.
Despite CZ’s assurances that everything is well with the centralised exchange and that users’ monies are still completely collateralized, a Forbes report claims that Changpeng Zhao’s Binance has completed $12 billion in customer fund withdrawals since FTX filed for bankruptcy.
Amidst the enormous FUD surrounding the world’s largest crypto exchange, on-chain data released by CryptoQuant on Jan.10 showed that the exchange revenues for the past 24 months grew by 10x.
In contrast to other crypto exchanges, the exchange has not shown any distress, especially regarding staff layoffs and lags in withdrawals.
