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Crypto.com Quietly Cut Hundreds of Jobs

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The crypto industry says it wants to transform traditional finance and its practices, yet it lags on one of the biggest legacy issues: transparency.

And one of the biggest players in the crypto sphere has just starkly shown that without transparency, the industry won’t gain the trust of the general public and investors.

Job-Cut Backdrop

Crypto.com had said in June that it would cut 260, or 5%, of its jobs as one effort to cut costs amid the cryptocurrency-price crash. 

At the time, the crypto market had lost more than $2 trillion from its all-time high of $3 trillion reached last November amid investors’ cryptomania. 





Read More: Crypto.com Quietly Cut Hundreds of Jobs

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