Earlier this week, US-based crypto exchange operator Gemini slashed about 10% of its workforce.
Rain Financial, a crypto exchange based in Bahrain, has cut dozens of employees amid a downturn in digital assets, people with direct knowledge of the matter“As cryptocurrencies and global markets continue to slow down, this has in turn impacted
businesses across the globe,” Rain Financial CEO Joseph Dallago said in a statement provided to Bloomberg. “We have had to make tough decisions to be able to navigate through this period of uncertainty and we can confirm we have downsized our Rain workforce.”
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