Binance promised at least 200 new compliance staffers and it will have that by yearend.
Binance has gone on a hiring spree in its compliance department. It will increase the team size by 34% by the end of the year, the exchange announced on its Binance Square platform on Nov. 22. The compliance team will have 645 full-time members and over 1,000 members counting contractors.
The move is part of the cryptocurrency exchange’s “intensified commitment to regulatory adherence” and its “ongoing transformation” since it made peace with United States regulators in 2023. In that time, it has increased spending on compliance by 36%.
Binance chief compliance officer Noah Perlman said in the announcement:
