Hong Kong-based crypto exchange OSL is cutting staff and reducing overall costs by about a third in yet another example of a major crypto firm retrenching, according to Bloomberg. By NelWang
The exchange, which was Hong Kong's first licensed cryptocurrency exchange, declined to say how many positions were cut.
The move to reduce costs was due to “current market conditions” and “included headcount reduction,” the CEO of OSL’s parent company BC Technology Group, Hugh Madden, said in a statement to Bloomberg.The OSL cuts follow a string of recent layoff announcements at major crypto firms. Crypto brokerage
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