Crypto Exchange Bullish.com Cuts 10% of Staff

Cayman Islands-based cryptocurrency exchange Bullish.com has joined a long list of crypto companies pursuing layoffs in an effort to weather the massive market downturn.

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As reported, Bullish has laid off less than 30 of its workers, with a check of LinkedIn showing the company employs about 270. Bullish – which serves institutional clients – confirmed the job cuts, while noting it continues to actively hire for a number of roles.

Gemini, Coinbase (COIN) and Crypto.com are among a number of exchanges which have announced job cuts in recent weeks.

Bullish.com launched last year as a subsidiary of Block.one, the software company behind open-source blockchain platform EOSIO. Initial funding from Block.one and a number of prominent investors summed to a vast $10 billion.

Source: CoinDesk