10:55 Jun 27, 2022 Crypto Exchange Banxa Cuts 30% of Headcount
Australia based crypto exchange Banxa has cut over 70 staff, which represents 30% of its workforce, Australian Financial Review reports. Last year, Banxa once had over 230 employees. CEO Holger Arians said in a letter to employees that the company grew too quickly and that extensive redundancy would occur as market conditions worsened.
Source Get the most concise crypto news, research, and insights by subscribing to our free newsletter.
Related News
Non-KYC exchange eXch to close down under money laundering scrutiny tied to Lazarus Group MEXC Extends DEX+ Platform to Binance Smart Chain Users MEXC Partners With Hacken to Increase Security Standards BitMEX hit with additional $100 million fine over Bank Secrecy Act violations: report Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more 13 Hours Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
13 Hours Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance
