» Crypto firms across the board are laying off employees and freezing hiring. Why is Binance the exception? | Fortunehttps://fortune.com/2022/06/13/crypto-layoffs-hiring-freeze-binance-expanding-cz-changpeng-zhao/ …
The simple answer is your income doesn't rely on crypto & yields going up. Bull or bear, you take a nice cut. This is also a part of why BUSD is the safest stablecoin - not only is it fully backed by USD, but it can also fall back on a highly profitable business just in case.
-
-
An infinite supply of trading fees and liquidation engines running the books helps tremendously, eh?
-
Definitely
- Show replies
New conversation -
-
-
Which is a good thing, right ?
-
In general, CZ & Binance seem to be a force for good. They have several questionable practices, but I presume most of that is due to workload delegation to middle management who may not be as scrupulous/ethical. It's always good for BUSD, though.
- Show replies
New conversation -
-
-
Mashinsky would have focused their energy in building an exchange instead of chasing shady questionable staking yield.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Not true, bear market volumes = less income for Binance.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
hahhahha
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
it helps when Binance is notorious for trading against their clients much like FTX, yes?
-
Could you link me to the best resource to learn more about this? I know FTX does it; didn't know there was evidence of Binance countertrading their own customers.
- Show replies
New conversation -
-
-
No lp drain or self profittimg. Real business!
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.