As reported by Financial News, the British cryptocurrency exchange Coinfloor dismisses the majority of its staff.
Coinfloor is a London-based cryptocurrency trading platform that was launched in 2013. According to the data, this is the oldest cryptocurrency platform in the UK. Coinfloor is primarily aimed at working with institutional investors. According to CoinMarketCap, the daily volume of the platform is about $ 1 million.
Two informed sources told Financial News that the platform lays off most of its employees. The general director of the exchange, Obi Nwosu, said that the trading volume of the platform had dropped significantly. Nwosu noted:
“Coinfloor is currently undergoing a business restructure to focus on our competitive advantages in the marketplace and to best serve our clients. As part of this restructure, we are making some staff changes and redundancies.”
Also, Nwosu said that over the past year, the company has acquired Bitcoin in the amount of $ 1 billion.
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