Home Business Crypto.com Quietly Cuts Hundreds of Jobs

Crypto.com Quietly Cuts Hundreds of Jobs

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Crypto.com Quietly Cuts Hundreds of Jobs

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

And one of the biggest players in the crypto sphere has just shown in no uncertain terms that without transparency, the industry will not earn the trust of the general public and investors.

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Crypto.com had said in June that it would cut 260, or 5%, of its jobs as part of an effort to cut costs amid falling cryptocurrency prices.

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

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