In response to enquiries from Cointelegraph, the spokesperson of Binance denied that the crypto exchange had any plans to lay off staff and said it sought to fill 500 new roles by the end of June. The statement came in contrast to a spate of layoffs in the crypto industry in January. Since the beginning of 2023, Binance has already hired over 600 people, and CEO Changpeng Zhao has revealed plans for a hiring spree in 2023 that would increase the exchange’s headcount by 15% to 30%.