Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go
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The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations” as reasons for the layoffs. Matrixport Lays Off 10% of Staff as Crypto Winter Continues Jihan Wu’s Matrixport is letting go of 10% of the firm’s employees, according to multiple reports on Jan. 27, 2023. Bloomberg details that unnamed sources say the company’s head of business development and investor relations has left. The news follows another Bloomberg report, published in Nov.
Crypto financial services company Matrixport, co-founded by Jihan Wu, has joined the list of companies carrying out job cuts, while its asset management firm lost two top executives. Matrixport reduces marketing department Bloomberg reported on Jan. 27, Matrixport’s chief operating officer Cynthia Wu said that the reduction in the workforce…
The Hong Kong division of Matrixport, a leading cryptocurrency financial services firm founded by crypto tycoon Jihan Wu, has officially applied for a virtual asset trading platform license. Operating under the name Flying Hippo Technologies Limited, the application was lodged with Hong Kong’s Securities and Futures Commission (SFC) on February…