The current cryptocurrency downturn is taking its toll and yet another exchange appears to be facing serious challenges. Huobi – a platform that used to be very prominent in china – will reportedly lay off at least 30% of its staff.
- prema to well-known cryptocurrency reporter Цолин Ву, Huobi will start cutting staff. The reason is touted to be “the sharp drop in revenue after the removal of all Chinese users.”
- At the time of this writing, there hasn’t been an official confirmation from the exchange.
- It’s also worth noting that Huobi is far from being the only one to reduce its staff numbers.
- As ЦриптоПотато пријавио earlier in June, the leading US-based cryptocurrency exchange Coinbase announced an 18% layoff.
- Other crypto-related platforms that have reduced their headcount include BlockFi, Bybit, CryptoCom, and others.
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Source: https://cryptopotato.com/huobi-to-reportedly-lay-off-at-least-30-of-staff-citing-sharp-revenue-drop/