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Binance Announces 2000 New Positions After Coinbase Layoffs: Why Are These Companies Behaving So Differently?
While Coinbase, and other few companies, like BlockFi and Crypto.com, are said to be struggling with the extreme market conditions and a dramatic downturn in the tech industry valuation, other cryptocurrency exchanges have taken an opposite path during this period and have opened new hiring opportunities
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This week, the cryptocurrency crash has been all over the news media. Whether you hold crypto investments or not, you have likely been following to see how the world reacts to this dip in the market. Despite not being the first crypto market crash since the cryptocurrency's inception, it has affected many investors and even non-investors.
Coinbase Layoffs have hit employees unexpectedly
But it is not only the investments that matter during this bear market, as employees have also been hit by the plummeting crypto prices after Coinbase layoffs of hundreds of staff members were announced. Was this step to be expected from the once flagship US cryptocurrency exchange?
Struggling to survive the current crypto crash, led to Coinbase laying off around 18 percent of its staff via an email on Tuesday. The company’s CEO, Brian Armstrong, admitted that it was a sudden and unexpected move, which would disappoint hundreds of reliable staff members.
While Coinbase, and other few companies, like BlockFi and Crypto.com, are said to be struggling with the extreme market conditions and a dramatic downturn in the tech industry valuation, other cryptocurrency exchanges have taken an opposite path during this period and have opened new hiring opportunities.
Binance Hiring Amidst Massive Industry Layoffs
Despite the crashing crypto market, crypto giant Binance opened 2000 new hiring positions on Wednesday, according to the company’s CEO Changpeng Zhao. It was confirmed that the company’s job board now shows the new roles open across Europe, Asia, Africa, South America, and The Middle East.
Binance’s CEO confirmed that the company’s strategy is focused on sustained growth through any market conditions, including multiple market downturns or even a possible prolonged market decline.
Kraken and Polygon have also accelerated hiring amidst the industry-wide job cuts. All three companies are likely planning to take advantage of an opportunity to acquire some of the best industry talents.
How To Invest Despite The Current Market Conditions?
If you are looking for an investment opportunity as most resilient investors are doing during this bear market period, research will be key to making well-informed decisions. There are several steps to consider before investing in cryptocurrencies.
Having an emergency fund and investing the money that you know you can afford to lose, are the most important parts of any investment strategy. Next comes research and analysis - how can you buy something without any knowledge about it?
Presale tokens are becoming more popular among new and experienced investors because of the appealing opportunities they offer. You can often purchase presale tokens for significantly lower prices, which also cannot fall during the presale period, thus providing you with some security with your investments and possibly gaining you better returns on your investment.
An impressive crypto newcomer, Logarithmic Finance (LOG), has been gaining growing attention in the crypto community. Its presale is now about to reach a value increase of 500 percent.
Logarithmic Finance (LOG) is a Layer-3 swapping protocol with exceptional Decentralised Finance (DeFi) capabilities, to enable seamless interaction between investors and innovators. Its multi-chain and cross-chain dynamic ecosystem will allow users to raise funds on multiple blockchain platforms, which will include Ethereum, Polygon, Solana, Tezos, Binance Smart Chain, and Avalanche.
Many experienced investors aim to diversify their portfolios and current low cryptocurrency prices make it a convenient time to do so. Also, if you are a sports enthusiast, you might consider an exciting cryptocurrency, Chiliz (CHZ), a leading crypto project for sports and entertainment. This unique cryptocurrency enables sports fans to create a bond by purchasing fan tokens on the Chiliz (CHZ) platform.
If these investment choices have caught your attention, you can find more information on Logarithmic Finance (LOG) by following the links below.
Logarithmic Finance (LOG)
Presale: https://presale.logarithmic.finance/register
Website: https://logarithmic.finance/