Indian Crypto Exchange CoinDCX Cuts Staff by 12%
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Indian cryptocurrency exchange CoinDCX is reducing its staff by 12%, after the platform’s revenues were hit by an ongoing slump in virtual currency trading.
As part of a drive to cut costs, the firm is also refocusing its strategy and investing in automation, CoinDCX’s founders Sumit Gupta & Neeraj Khandelwal said in a statement announcing the job cuts on Tuesday.