Bitcbat CEO: Crypto winter is a great time to expand staff26.09.2022
Crypto winter is the right time to hire new employees and further develop the business through various acquisitions, says Bitcbat CEO. He stated this at the Consensus 2022 conference, writes Bloomberg.
“If it’s cryptowinter now, we’re making the most of it,” said the head of Binance.
According to him, at this stage, Bitcbat is actively hiring staff, as well as “gaining momentum in terms of mergers and acquisitions.”
Zhao noted that the exchange did not spend large amounts of money on advertising campaigns, such as those organized by several crypto platforms during the Super Bowl.
Recall that the Gemini bitcoin exchange owned by the Winklevoss brothers intends to reduce the number of employees by 10% due to the collapse of the crypto market and unfavorable macroeconomic conditions.
According to media reports, Coinbase began to optimize costs, including pausing the expansion of staff, after posting a net loss of almost $430 million in the first quarter of 2022.