At press time, Matrixport had more than 290 employees serving customers in 40 countries.

Billionaire entrepreneur Jihan Wu's Singapore-based crypto services provider Matrixport said Friday that it is downsizing its workforce by 10%, joining a slew of other industry giants reducing headcount to sail through the harsh crypto winter.

The job losses are primarily concentrated in the marketing department, Matrixport's Chief Operating Officer Cynthia Wu told CoinDesk.

"We've sharpened our strategic focus towards accredited investors given the significant shift in the regulatory climate following the industry-wide capitulations. Our teams have been aligned to reflect this change," Wu said. We continue to hire in the areas of compliance, legal and product development, with reductions in marketing, impacting 10% of our headcount."

"Our human resource colleagues have supported those affected to explore alternative placements," Wu added.

Matrixport had more than 290 employees serving customers in 40 countries. The firm trades $5 billion worth of crypto products per month and has $10 billion worth of assets under management and custody.

Matrixport's fixed-income product tied to bitcoin was affected by the collapse of Sam Bankman Fried's FTX exchange in November, although at the time the company said it faced no risk of insolvency.

[ Ссылка ]

#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily

***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!

This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple

свернуть