Crisis at Crypto Exchanges? Bithumb Announces Cut in Workforce

Following a series of recent layoffs and closures within the industry, top Korean exchange Bithumb follows suit by announcing it will cut its workforce in half by the end of this month. While the market is currently showing signs of optimism, this news brings an unwelcome reminder to the realities of an extended bear market.

Voluntary Retirement” At Bithumb

Coindesk Korea broke the news of Bithumb’s plans on Monday 18th March. Details show the company will reduce its existing...

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