POPA ReconFalconX Cuts 10% of Workforce Amid Prolonged Crypto Market Downturn
FalconX Cuts 10% of Workforce Amid Prolonged Crypto Market Downturn Digital asset brokerage FalconX has laid off 10% of its global workforce as it prepares for an extended downturn in the cryptocurrency market. The company is also reshaping its operations in Singapore, where it plans to focus on crypto derivatives trading and withdraw its license application with the Monetary Authority of Singapore (MAS), according to reports. Despite the workforce reduction, FalconX said it will continue expanding its regulated business in Europe while maintaining its presence across the Asia-Pacific regio…
The excerpt is quoted from a public Telegram channel, which owns its text.