Crypto Rout Prompts U.K.'s Coinfloor to Reorganize and Cut Staff
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Coinfloor will cut staff as the U.K. Bitcoin exchange restructures its operations amid a sell-off in cryptocurrencies.
“We are currently working on a business restructure to ensure that we focus on our competitive advantages in the marketplace,” said Coinfloor Chief Executive Officer Obi Nwosu. “As part of this restructure, we are making some staff changes and redundancies.” He declined to say how many jobs will be cut.