Crypto Exchange Binance Grows Its Team with 1,000 New Hires and Over US$200 Million in Compliance Costs
Thursday, 22 August 2024, 00:06
Binance's Significant Hiring Initiative
In a bold move reflecting the pressing need for enhanced regulatory adherence, crypto exchange Binance is intensifying its workforce with plans to hire 1,000 new staff members this year. This initiative comes as the company’s compliance spending has already surpassed US$200 million.
Expanding the Compliance Team
- Current headcount: 500 compliance personnel
- Goal: Increase to 700 compliance roles by the end of 2024
- CEO Richard Teng highlights the need to manage regulatory pressures.
This strategic recruitment aims to fortify Binance's commitment to regulatory compliance in an increasingly strict environment.
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