South Korea’s largest Bitcoin exchange, Bithumb, has announced layoffs of 50%, the latest casualty of “crypto winter.” B A report in Korean media issued earlier today shows that the exchange will be cutting its staff from 310 to around 150. The exchange is currently ranked at no #2 in trading volume in the world by Coinmarketcap and has a 24/h volume of over $1.5 billion. “Voluntary Retirement” A company spokesperson claimed that most of the employees being let go had already wanted to leave. Big news. Bithumb is currently 3rd biggest wallet holder in #EOS mainnet, after B1 and Binance.
* First published on ccn.com