- Entire derivatives platforms felt the effects, with the major firms laying off employees.
- Recent times have witnessed a rise in the number of layoffs throughout the sector.
Because of the current bear market, the crypto derivatives platform ប៉ារ៉ាឌីជីម។ has decided to reduce employee pay by 15%. After របស់អេហ្វធីអេ bankruptcy last month, derivatives trading took a significant hit. Exchange co-founded by arrested entrepreneur សាមធនាគារមេន-ចៀន is accused of using billions of dollars in client cash to finance the uncollateralized margin trading of Alameda Research, a subsidiary of the exchange.
ក្រុមហ៊ុនបានបញ្ជាក់ថាៈ
"បន្ទាប់ពីការដួលរលំរបស់ FTX វាច្បាស់ណាស់ថាការឆ្លងគឺជ្រៅនិងធំទូលាយហើយដូចអតិថិជននិងមិត្តភ័ក្តិរបស់យើងជាច្រើនយើងមិនមានភាពស៊ាំទេ។ ការកាត់បន្ថយប្រាក់បៀវត្សរ៍កាត់បន្ថយតម្រូវការសម្រាប់ការបញ្ឈប់ការងារដែលឃើញនៅទូទាំងប្រព័ន្ធអេកូឡូស៊ី និងមានឥទ្ធិពលតិចជាងលើសន្ទុះនៃអង្គការ។
New Approach to Handle Sluggish Market
The previous month has witnessed a rise in the number of layoffs throughout the whole cryptocurrency sector. Coinbase (18%), Opensea (20%), and Kraken (30%) are just a few of the exchanges and trading platforms that have seen significant layoffs. However, the recent approach by Paradigm is much better compared to mass layoffs.
The firm further added:
“These are tough times, but we must do the hard thing and retain the financial flexibility to navigate the turbulent times we find ourselves in as an industry.”
In the end, the exchange and large parts of the cryptocurrency sector were devastated by unsecured borrowing. As a result of the mayhem, derivatives platforms felt the effects, with the major firms laying off employees.
Financial institutions have also been hit hard. The gap between the value of the GBTC trust and Bitcoin has widened this week as the price of Grayscale’s flagship GBTC trust, a mechanism for investors to obtain exposure to Bitcoin without engaging in it directly, hit a new low earlier in the week.
បានណែនាំសម្រាប់អ្នក៖
Cash Crunch Mining Firm Core Scientific គ្រប់គ្រងមូលនិធិ $72M
Source: https://thenewscrypto.com/crypto-derivatives-platform-paradigm-reduces-pay-avoiding-layoffs/