Summary:
Binance CEO, CZ, has said that the exchange has a healthy war chest to get through the ongoing crypto winter.
CZ also reiterated that Binance is hiring right now.
He also pointed out that Binance is frugal, avoiding expensive spending like Super Bowl advertisements.
Binance CEO, CZ, has stated that the exchange has a healthy financial war chest to assist the crypto exchange in weathering the ongoing crypto winter. CZ went on to add that bear markets are some of the best times to carry out acquisitions.
The Binance CEO shared his insights on the ongoing crypto market happenings during a video link at the Consensus 2022 conference, where he said the following:
We have a very healthy war chest, we in fact are expanding hiring right now. [Binance is also] kicking into high gear in terms of M&A activity.
During bull markets, everyone’s starting their own projects, everyone’s paying everyone ridiculous compensation. Now the market is more balanced, if we are in a crypto...
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