Crypto Exchange Luno Cuts Global Staff By a Fifth, Citing Automation
CEO James Lanigan cited automation reshaping the business, as the exchange shifts from retail trading toward institutional infrastructure.
Archive context
Fresh in the current trading session. It maps to an active market topic.
Why this matters
This maps to the Market Structure hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.
Original source
Read on DecryptRelated market context
Crypto exchange Luno cuts 20% of staff amid automation push and retail trading slumps
The DCG-owned company previously cut 35% of staff in January 2023 citing tough market conditions.
Luno Eliminates 20% of Global Workforce as Automation Changes Crypto Exchange Priorities
Crypto exchange Luno is reducing its global workforce by 20%, though the exact number of impacted employees—including those in Sou...
TradFi Perpetuals Outpace Spot RWAs Eightfold on Crypto Exchanges
Trading in traditional financial assets is expanding across the crypto exchanges tracked by CoinGecko, but most activity is not ta...
Samsung unit explores stablecoin infrastructure with Upbit’s operator
Samsung SDS is discussing stablecoin infrastructure and AI-based payment models with Dunamu, the operator of South Korean crypto e...
Nairobi Securities Exchange Teams With Tether to Test USDT Settlement Across $26.4B Market
The Nairobi Securities Exchange and Tether signed a memorandum of understanding to advance digital asset adoption, blockchain infr...
Morgan Stanley is using $7.4 trillion in client assets and rock-bottom fees to hijack Wall Street’s crypto boom
Morgan Stanley’s new Ethereum and Solana exchange-traded products generated roughly $38 million in combined trading volume on thei...