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Binance CEO Zhao Says Now Is a Great Time to Hire and Acquire

  • Says company has been frugal and has resources to invest
  • Urges better risk warnings and management from entire industry
Zhao Changpeng

Zhao Changpeng

Photographer: Benjamin Girette/Bloomberg

Changpeng Zhao, co-founder and chief executive officer of the world’s biggest crypto exchange, thinks the crypto winter is a great time to increase investment in talent and acquisitions.

“We have a very healthy war chest, we in fact are expanding hiring right now,” the Binance CEO said via video link at the Consensus 2022 conference, when asked about rival Coinbase Inc.’s recent hiring freeze. His company is also “kicking into high gear in terms of M&A activity,” he added.