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
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 Bitget announces token merger, BGB price increases amid market-wide declines Major Japanese trading platform Coincheck becomes second crypto exchange to go public on Nasdaq 2 Days Ago Argentine prosecutor seeks to freeze $110 million in proceeds tied to Libra memecoin scandal: report
2 Days Ago Mt. Gox moves over $1 billion worth of bitcoin to unmarked address: Arkham
3 Days Ago Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
3 Days Ago Binance Records $3.97B Weekly Inflows
5 Days Ago Metaplanet purchases $13.4 million worth of bitcoin, boosts holdings to 2,391 BTC
