Change language

The CEO of announced the dismissal of 5% of the employees of the exchange will lay off 260 employees, i.e. 5% of the entire staff of the company, said Chris Marsalek, CEO of the Singapore-based cryptocurrency exchange. Targeted downsizing is necessary to ensure the company's continued and sustainable growth over the long term, he said. Now the exchange needs to focus on implementing the roadmap and optimizing profitability.

In early June, the US cryptocurrency exchange Gemini announced the dismissal of 10% of its employees, citing the company’s transition to a “cryptocurrency winter”. At the same time, one of the largest cryptocurrency exchanges, Coinbase, fired recently hired employees and suspended the hiring of new ones.

The layoffs are taking place against the backdrop of a continuing fall in the value of cryptocurrencies. In particular, on June 13, Bitcoin fell by 13% and reached $23,748 at the moment. The last time such a sharp drop was observed was in 2020. In addition, according to Binance, at the beginning of June, the value of the cryptocurrency was in the region of $47,000. On July 13, around 18:30 Moscow time, bitcoin is trading in the region of $23,000. The Ethereum exchange rate at the beginning of June was about $2 thousand, at the moment, according to Investing, it is about $1.2 thousand.

Michael Zippo
[email protected]

Sources: Python.Engineering,

The CEO of announced the dismissal of 5% of the employees of the exchange News: Questions


Best laptop for Fortnite


Best laptop for Excel


Best laptop for Solidworks


Best laptop for Roblox


Best computer for crypto mining


Best laptop for Sims 4


Best laptop for Zoom


Best laptop for Minecraft


Latest questions


psycopg2: insert multiple rows with one query

12 answers


How to convert Nonetype to int or string?

12 answers


How to specify multiple return types using type-hints

12 answers


Javascript Error: IPython is not defined in JupyterLab

12 answers



Python OpenCV | cv2.putText () method

numpy.arctan2 () in Python

Python | os.path.realpath () method

Python OpenCV | () method

Python OpenCV cv2.cvtColor () method

Python - Move item to the end of the list

time.perf_counter () function in Python

Check if one list is a subset of another in Python

Python os.path.join () method