Robinhood Fires 23% of its Workforce to Optimize Costs
Many crypto companies have been forced to cut some of their staff over the past few months.
Binance Experienced Financial Losses Due to KYC Procedures
Binance lost “about 90% of its customers and billions of dollars of revenue” due to the introduction of KYC procedures.
CoinFLEX Fires More Than 50% of its Employees
The company has announced it expects a 60% reduction in operating costs.
US Treasury Thinks Kraken Has Violated Iran Sanctions
The US authorities have launched an investigation into the activities of crypto exchange Kraken.
KuCoin CEO Believes Indian Market Has Great Potential
KuCoin CEO believes India still retains the status of one of the most promising markets.
Crypto Exchange FTX is Negotiating to Raise Additional Funding
FTX plans to hit a $32 billion valuation following a potential investment round.
Changpeng Zhao: Binance Has No Plans to Add Stock Trading Service
Changpeng Zhao has said that the exchange has no interest in adding stock trading to its product line.
