FalconX cuts 10% of workforce amid prolonged crypto market slump: Report
CoinTelegraph·
60-second summary
FalconX is cutting 10% of its workforce as the prolonged crypto market slump forces cost trimming. The digital asset prime broker is refocusing its Singapore strategy, withdrawing its local license application, and adapting to the industry's downturn. This move reflects the broader trend of crypto companies reassessing operations and reducing expenses in response to market conditions.
According to Bloomberg, the digital asset prime broker is refocusing its Singapore strategy and withdrawing its local license application as crypto companies continue to trim costs.