Binance, the world’s largest cryptocurrency exchange, announced plans to expand hiring by as much as 30% in 2023.

The company’s CEO, Changpeng Zhao, made the announcement on Wednesday, despite the ongoing layoffs and job cuts in the Web 3.0 industry.

Binance has been growing rapidly in recent months, with a series of strategic acquisitions, including the Indonesian crypto exchange Tokocrypto in December and the regulated Japanese exchange Sakura Exchange BitCoin in November.

The company has also received regulatory approval from several European Union member states, allowing it to expand its presence in Europe.

The expansion in hiring is a sign of Binance’s commitment to continue growing and solidifying its position as a leading player in the cryptocurrency industry.

The company’s CEO, Changpeng Zhao, stated that the company is looking for talented individuals to join the team in a variety of roles, including in technology, operations, and customer service.

Binance’s announcement to expand hiring comes at a time when many of its rivals are cutting jobs and reducing their headcount.

However, Binance believes that its ongoing growth and expansion plans will allow it to continue providing reliable and secure crypto services to its customers, while also creating new job opportunities.