Another top crypto exchange has decided to cut headcount a week after its CEO took an exit.
Bitmex has reduced its number of employees as part of a strategy to move away from the company’s “beyond derivatives” model.
“We are pivoting from our Beyond Derivatives strategy and will return much of our focus aiming at providing the crypto derivatives trading experience people will turn to,” according to Bitmex.
“We are going to refocus on liquidity, latencies and a vibrant derivatives community, including BMEX Token trading.”
The company’s “beyond derivatives” included a push into spot trading, brokerage and custody services.
Bitmex had employed around 180 people as of September.
Initially, it was reported that Bitmex had let go of 30% of the workforce, but they later clarified that the number was lower. However, the company has released not released an exact number.
The company had previously laid off around 75 jobs after cancelling…
