Banxa, an Australian crypto exchange, eliminates 70 jobs.
In preparation for a sharp market decline, cryptocurrency exchange Banxa (BNXA) has slashed over 70 workers, according to a Monday article in the Australian Financial Review. According to AFR, the change represents 30% o...
In preparation for a sharp market decline, cryptocurrency exchange Banxa (BNXA) has slashed over 70 workers, according to a Monday article in the Australian Financial Review. According to AFR, the change represents 30% of the workers of the Melbourne-based business. When the cryptocurrency market reached all-time highs last year, the company's personnel count soared to over 230.
According to AFR, the CEO of BANXA, Holger Arians, said in a letter to employees, “Banxa must take decisive actions to reduce costs now, or else our company won’t be able to succeed over the long run."
...
Read The Full Article On CryptoCurrencyNews.com
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Original source
Read on CryptoCurrencyNewsRelated market context
Crypto exchanges are opening a two-front war for the stock market
Binance, Kraken, Bybit, and Gemini are moving to add US stocks and ETFs to their crypto trading apps, making a direct play for the...
Ethereum Price Prediction: 3 Million ETH Rushes Into Staking as Sellers Vanish
Is nobody leaving Ethereum? A record 36 million ETH is now locked in staking, roughly 29–30% of the circulating supply, and the va...
Kraken Becomes Official Crypto Exchange Supporter Of FIFA World Cup 2026
TL;DR Kraken says it has become the Official Crypto Exchange Supporter of the FIFA World Cup 2026. The tournament expands to 48 te...
Ethereum Nears 200 Million Non-Empty Wallets Despite Market Uncertainty
Despite persistent market uncertainty and bearish sentiment across parts of the cryptocurrency sector, Ethereum is approaching a s...
Fireblocks Says Institutional ETH Staking Is Moving Toward Standardized Rails
TL;DR Fireblocks says it has launched ETH Staking Link, a standardized interface for institutional Ethereum staking integrations....
Coinbase Teases Next Phase of ‘Everything Exchange’ for Crypto, Stocks, Perps
Coinbase is teasing the next phase of its Everything Exchange vision built around one account for crypto, stocks, ETFs, cash, perp...