Coinsquare, the largest Canadian bitcoin exchange, laid off 40 employees

Coinsquare cryptocurrency exchange has reduced the number of employees by 27%. It is reported BetaKit .

Fired 40 employees from various departments and several top managers, including Operations Director Robert Muller and Financial Manager Ken Tsang.
Prior to that, about 150 people worked in Coinsquare.

“The continuously developing cryptocurrency space was very unstable and unpredictable ,” notes Coinsquare talent manager Martin Hauk. – Recently, many companies in our industry make such unpopular decisions. Coinsquare is no exception. ”

Note that this is not the first wave of layoffs in Coinsquare. The cuts began in July last year, then 15 employees of the exchange were laid off.

It is noteworthy that the reduction of the state occurred despite the fact that since December Coinsquare is available in 25 EU countries .

Also recall, at the end of last year, Coinsquare bought a BlockEQ cryptocurrency wallet for $ 9 million.

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