Binance will reportedly increase its headcount by at least 1,000 new employees by the end of 2024, with 20% of those employees assigned to regulatory compliance roles.
Richard Teng announced that the company plans to expand its workforce by 1,000 people, and that the compliance department will have an additional 200 people.
Binance currently has a compliance staff of 500 employees, and the company has spent over $200 million to meet regulatory requirements, especially in the United States.
We hope that it continues to grow. This company certainly seeks to be sustainable and successful. It certainly has the profile to achieve this. It is solid, profitable and prudent.
What do you think?