Today, January 13, Singapore-based cryptocurrency exchange Crypto.com announced a 20% layoff across the world.This is another cut in this area after the crash of the FTX exchange that occurred in November, which negatively affected the industry as a whole. As Crypto.com CEO Chris Marszalek noted in a statement, the collapse of FTX “materially damaged confidence in the industry.” According to Coindesk, Crypto.com employs, according to various sources, from 3.5 thousand to 4.5 thousand employees, which means that the reduction will affect 700-900 people.
related article: He was bullied at school but now lives a lavish lifestyle thanks to trading in Bitcoin and other cryptocurrency
More details - in the material "Kommersant"
related article: Australian investor bought a 2,800sqm property in Charleville with money he earned by innovative financial tool
Read this:
Latin American cryptocurrency exchange Bitso lays off more than 80 people
Gemini exchange cuts some of its employees
Blackmoon Crypto Cryptocurrency Exchange Announces Closure
Crypto.com lays off 260 employees due to cryptocurrency downturn
Blockchain.com lays off 25% of employees due to harsh market conditions
Cryptocurrency company Koinly lays off 14% of employees