Crypto exchange Binance hiring 1,000 new staff as compliance spending tops US$200 million

Binance plans to have a 700-strong compliance workforce by the end of 2024, up from about 500 at present, according to CEO Richard Teng Binance Holdings is hiring 1,000 people this year, with many earmarked for compliance roles, as the cryptocurrency exchange's annual spending to meet regulatory requirements, including US oversight under a plea deal, tops US$200 million.