Cryptocurrency News

CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%

2022.07.30 20:53

CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%
CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%

 

Cryptocurrency exchange CoinFLEX said it had downsized a “significant number” of team members in an effort to cut operating costs.

According to a Friday blog post, CoinFLEX said it had cut some staff across “all departments and geographies” as part of measures to reduce the company’s costs by 50% to 60%. The majority of the remaining team members will focus on product and technology, and the exchange said it would consider scaling as “volume comes back.”

 

 

CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 104,964.12 1.96%
ethereum
Ethereum (ETH) $ 3,866.75 3.56%
xrp
XRP (XRP) $ 2.55 5.32%
tether
Tether (USDT) $ 1.00 0.08%
bnb
BNB (BNB) $ 715.95 1.05%
solana
Solana (SOL) $ 216.89 4.27%
dogecoin
Dogecoin (DOGE) $ 0.385546 5.17%
usd-coin
USDC (USDC) $ 1.00 0.04%
staked-ether
Lido Staked Ether (STETH) $ 3,863.83 3.43%
cardano
Cardano (ADA) $ 1.03 6.65%
tron
TRON (TRX) $ 0.27187 8.39%
avalanche-2
Avalanche (AVAX) $ 46.54 7.93%
chainlink
Chainlink (LINK) $ 27.28 4.04%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,592.71 3.49%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 5.90%
the-open-network
Toncoin (TON) $ 5.70 7.24%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,618.03 1.96%
sui
Sui (SUI) $ 4.52 6.55%
stellar
Stellar (XLM) $ 0.434347 4.81%
polkadot
Polkadot (DOT) $ 8.21 7.77%
hedera-hashgraph
Hedera (HBAR) $ 0.298979 2.62%
weth
WETH (WETH) $ 3,867.70 3.56%
bitcoin-cash
Bitcoin Cash (BCH) $ 522.61 3.92%
uniswap
Uniswap (UNI) $ 15.93 2.73%
hyperliquid
Hyperliquid (HYPE) $ 27.29 1.91%
pepe
Pepe (PEPE) $ 0.000021 9.13%
litecoin
Litecoin (LTC) $ 117.88 1.38%
leo-token
LEO Token (LEO) $ 9.55 1.19%
near
NEAR Protocol (NEAR) $ 6.22 9.98%
wrapped-eeth
Wrapped eETH (WEETH) $ 4,092.53 3.22%
aptos
Aptos (APT) $ 12.77 8.24%
bitget-token
Bitget Token (BGB) $ 4.40 12.78%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.00%
internet-computer
Internet Computer (ICP) $ 11.91 7.07%
aave
Aave (AAVE) $ 372.67 0.19%
usds
USDS (USDS) $ 1.00 0.00%
crypto-com-chain
Cronos (CRO) $ 0.18501 4.52%
ethereum-classic
Ethereum Classic (ETC) $ 31.74 6.07%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.555583 7.24%
vechain
VeChain (VET) $ 0.053792 8.51%
render-token
Render (RENDER) $ 8.34 7.83%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.57 7.72%
monero
Monero (XMR) $ 216.31 1.43%
mantle
Mantle (MNT) $ 1.18 4.54%
arbitrum
Arbitrum (ARB) $ 0.927143 7.73%
mantra-dao
MANTRA (OM) $ 4.07 3.34%
bittensor
Bittensor (TAO) $ 524.20 3.32%
filecoin
Filecoin (FIL) $ 6.07 7.97%
whitebit
WhiteBIT Coin (WBT) $ 25.02 0.70%
fantom
Fantom (FTM) $ 1.28 8.51%