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Bitcoin exchange Bullish cuts 10% of staff

EOS and affiliated cryptocurrency exchange Bullish has laid off almost 30 employees, which is ~10% of its staff. This was reported to The Block by sources familiar with the situation.

According to the LinkedIn profile, the company currently employs 269 people.

A spokesman for Bullish confirmed the layoffs. He added that the company is “actively recruiting employees for product, engineering and other strategic roles as part of the implementation of the strategy.”

Earlier, state optimization was also announced in BitMEX, Robinhood, Gemini, Bitso and the parent company of the Brazilian Mercado Bitcoin exchange.

Coinbase will cut its staff by about 18%, blockchain platform BlockFi by 20%, regulated bitcoin exchange OSL from Hong Kong by ~15%.

In June, CEO Chris Marszalek announced plans to lay off about 260 employees.

According to journalist Colin Wu, Bybit and Huobi are also planning to cut staff by 30%.

Recall that the launch of Bullish took place in November 2021. invested $10 billion in the platform. The exchange was also supported by Thiel Capital and Peter Thiel’s Founders, Galaxy Digital, Nomura, billionaire Alan Howard and others.

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My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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