Binance to remain a top-three exchange until 2026 — Matrixport
Analysts at Matrixport do not rule out there will be pressure to ‘right-size’ Binance. With Changpeng Zhao leaving Binance as its Chief Executive Officer (CEO), the crypto exchange will likely have from two to three years before competition in the market starts affecting the company’s position, according to a new report. Analysts at Matrixport, a Singapore based crypto management platform founded by Jihan Wu, wrote that there “will likely be pressure to ‘right-size’ the company.” As of July 2023, Binance had almost 8,000 employees and even planned to hire more, while other crypto exchange s reduced their headcounts in a bid to optimize operating expenses. “With Changpeng Zhao stepping down and the fine less than the $10 billion feared, Binance will likely remain a top-three exchange over the next two-three years.” Matrixport You might also like: Coingecko: Coinbase tops crypto lobbying spenders in 2023 Analysts al...