Job cuts in crypto led by volatility, lack of funding

The digital asset market has been in a bloodbath in recent months. PHOTO: REUTERS
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SINGAPORE - The road ahead for cryptocurrency firms will be a bumpy one with more players likely to tighten their belts in the coming weeks following a spate of job cuts at big names like Coinbase, and BlockFi.

On Tuesday (June 14), crypto exchange Coinbase told employees in an e-mail that it would cut about 18 per cent of full-time jobs. It has about 5,000 staff.

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