Cryptocurrency
U.K. Bitcoin Exchange Coinfloor Cuts Staff Amid Crypto Rout via @crypto
As reported by Bloomberg Crypto, “Coinfloor will cut staff as the U.K. Bitcoin exchange restructures its operations amid a sell-off in cryptocurrencies. “’We are currently working on a business restructure to ensure that we focus on our competitive advantages in the marketplace,’ said Coinfloor Chief Executive Officer Obi Nwosu. ‘As part of this restructure, we are […]
As reported by Bloomberg Crypto, “Coinfloor will cut staff as the U.K. Bitcoin exchange restructures its operations amid a sell-off in cryptocurrencies.
“’We are currently working on a business restructure to ensure that we focus on our competitive advantages in the marketplace,’ said Coinfloor Chief Executive Officer Obi Nwosu. ‘As part of this restructure, we are making some staff changes and redundancies.’ He declined to say how many jobs will be cut.
“Financial News reported earlier Monday that the London-based exchange will cut most of its approximately 40 employees, citing two unidentified people familiar with the matter. Nwosu told Financial News it’s normal business practice to adjust staff numbers according to changes in the market environment, and that the exchange has seen significant change in trading volumes in the market.”