Binance Sees 2,000% Employee Increase in Under 3 Years

Major crypto exchange, Binance, now has over 1,000 employees, showing tremendous company growth since its 2017 start.

"When Binance first started in 2017, there were under 50 people," Binance co-founder, Yi He, told Cointelegraph on April 23. "We have more than 1,000 employees today (currently at 1,002 and counting; we are welcoming new hires almost every day)."  

Binance kicked things off less than three years ago

Binance conducted its ICO in July 2017, garnering $15 million in capital. The exchange opened one month later. "Though our team during this time was not very large, we were already an international and decentralized team, collaborating remotely with the executive team," Yi He said.

The exchange quickly became one of the crypto market's go-to options for trading, boasting $1.5 billion in volume by June of the following year. 

The exchange seeks new workers amid increasing unemployment numbers

Over the past several weeks, coronavirus prevention measures and market downturns have resulted in a mass number of layoffs and company difficulties. 

"Many talented people have lost their jobs due to the current climate with a number of companies laying off their employees," He said, adding

"We believe that this moment is the best time to recruit outstanding talent. This quarter, we will continue to recruit new hires and encourage people to apply at Binance."

In terms of long-term goals, He explained the company's mission statement has not changed. Looking at crypto as a method of unlocking money's caged potential, Binance desires to increase financial accessibility, while enhancing cryptocurrency usability.    

In just 2020, Binance has released a number of new products, such as options trading, expanding its product line even further.