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Binance Shelters Against Job Losses During Global Pandemic

While global unemployment continues hitting new highs amid the coronavirus pandemic, the cryptocurrency marketplace is stepping into protector job losses, with a few of the biggest companies in the distance announcing their intention to hire new employees.

Binance, the world’s largest cryptocurrency market, has announced that it is hoping to employ more than 100 new workers, no matter the continuing economic recession.

In an April 3 tweet, Binance encouraged people around the world to build a career in the Blockchain space, offering an essential opportunity to”work from home” as global governments continue strengthening quarantine measures.

Binance CEO and founder, Changpeng Zhao, then brought additional attention to Binance’s hiring spree by tweeting:

“Getting used to work at home, but hate your job? Great at what you do and passionate about crypto? You know what to do.”

Binance to increase its staff by at least 10percentage

While the official announcement asserts that Binance is prepared to employ at least 100 people, the work record page accounts for nearly 180 open places, including potential hires. As reported by CryptoThere, Binance has 800 employees on its group thus far. The company’s open job listings cover diverse areas like business development, marketing, communications, customer service, finance, analytics, and frontend.

As a worldwide crypto company, Binance is hiring talent all over the world. The listings include a wide number of locations in Europe, Asia, and Latin America. Cointelegraph reached to Binance to find out more information about the announcement, but didn’t get an immediate response. This story will be updated if they respond.

Crypto industry is apparently surging amid international financial instability

Binance’s job postings are crucial amid as unemployment numbers continue to plummet internationally. As reported by Cointelegraph, 6.6 million people in the U.S. registered for unemployment last week; a number that is more than double official estimates.

Binance is just 1 company that is apparently expanding its employees in this difficult social climate. In late March, leading United States-based cryptocurrency marketplace, Kraken, allegedly announced it was expanding its team of 800 with an additional 67 hires.

The news comes amid the general uptick on crypto markets, with Bitcoin (BTC) steadily recovering over the previous two weeks following a plunge under $4,000 in mid-March. On March 16, Catherine Coley, the CEO of Binance US, revealed that the coronavirus quarantine in Asia drove a significant spike in trade volume.

Yesterday, Binance officially announced its historic acquisition of significant crypto data website, CoinMarketCap, or CMC. While both Binance and CMC promised that the website will continue to work independently, CMC’s interim CEO said the company does not expect any changes to the group in the not too distant future.

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