Crypto.com recently cut its headcount by about 5% as part of a business optimization effort. This decision was made by the platform management against the backdrop of a sharp drop in the value of digital currencies and the dominance of bearish sentiment in the market.
Recently, reports have been circulating on social media that Crypto.com has suspended withdrawal operations.
The CEO of the crypto company, Chris Marszalek, was forced to intervene in the situation. He denied these rumors and emphasized that the platform is not experiencing any problems with liquidity.
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On Twitter, Marszalek posted a post in which he announced that the trading platform did not even think of introducing any restrictions.
The company is in good financial condition, and by the end of 2022, it may even get into the top 5 cryptocurrency platforms in terms of revenue. The reduction in staff was a necessary and correct measure. Only in this way the team was able to keep working in the new conditions.
The CEO of Crypto.com also noted: "The industry will get better once small companies with dubious business models disappear."