- The media reported about layoffs at Binance. Bitcoin exchange Binance has begun laying off staff. Presumably, the percentage of laid-off staff will be 20%, reported reporter Colin Wu, citing his own sources.
I have been checking their careers page and with this layoff, they've got a lot of hirings on their website but this is across all over the world and includes remote positions.
These and many other negative news stories, about the world's largest exchange, have been in the air for months. Question:
- In your opinion, is this a consequence of increased pressure on China by the U.S.?
I don't know if there is something to do with it. US has been known to be too strict with their ruling regards to these exchanges and isn't that Binance already expressed their disinterest to operate with their US market?
- What will the problems of Binance lead to for crypto market and crypto users?
I guess more with the market manipulation. Because with such news we have already seen how quick the market has reacted. Other than that, it's more with their exchange and trust issues whether their users will be quick to withdraw their funds just as seeing the news that CZ/binance has been sued.