Skip to content

Crypto Slump Triggers More Job Cuts at Coinbase-Backed Rain

  • CEO cites ‘unfortunate changes’ within the crypto industry
  • Company’s backers include Kleiner Perkins, Coinbase Ventures
Updated on
From

Sign up for our Middle East newsletter and follow us @middleeast for news on the region.

Rain Financial Inc. is laying off hundreds of employees in a fresh round of job cuts, according to people with knowledge of the matter, as the ongoing volatility in digital assets takes its toll on one of the Middle East’s largest crypto exchanges.