Fintech

Crypto exchange Blockchain.com is slashing 25% of staff

CoinDesk reported that Blockchain.com will close its offices in Argentina and cut headcount in the US and UK

Cryptocurrency exchange Blockchain.com is laying off one-quarter of its workforce, the latest business in the digital-assets sector to scale back following a sharp decline in cryptocurrencies.

The trading platform is a creditor to the collapsed crypto hedge-fund manager Three Arrows Capital, which it lent more than $300m.

WSJ Logo