Crypto Company BitMEX Employee Layoffs, Bagini His Luck Now!

BitMEX crypto exchange lays off employees. (Photo; Doc. Warrior Trading News)

JAKARTA Crypto trading company BitMEX is reportedly downsizing employees to cut the company's costs. This is also part of BitMEX's efforts to restore its position in the digital asset business environment after the resignation of CEO Alexander Hoeptner some time ago.

As Coindesk reported, citing a statement from one of the company's spokespersons, the exchange is cutting for a number of its staff. BitMEX further denied claims that the number of layoffs reached 30% of the total number of its employees.

The decision comes about a week after Hoeptner's departure, as the new CEO, Stephan Lutz is trying to carve out a new path for companies on all fronts. BitMEX remains one of the world's most tense cryptocurrency exchanges for battling a crackdown on US regulators and also facing crypto winters in person over the past year.

The trading platform is nothing new to cut staff in an effort to cut costs. Back in April this year, the exchange laid off 75 of its employees, a quarter of its global workforce as the crypto winter has just gained momentum.

According to the spokesman who recently spoke with Coindesk, the stock exchange's top priority is to ensure that those who are dismissed receive the support they need.

"We will focus again on dynamic liquidity, latency, and derivative communities including BMEX Token trading," BitMEX said in a statement shared with CoinDesk.

"As an unwanted consequence, we have to make changes to our workforce. Our top priority is to ensure all employees who will be affected have the support they need."

BitMEX now wants to cancel some of the push that Hoeptner is trying to invest in including the pivotot of being the only derivative company. Currently, Lutz seems to be focusing on the company's derivative power at a time when the top industry players seem to be careful across all lines.

Information about BitMEX cutting some of its staff is not a surprising step because it is a worldwide trend. In fact, crypto trading giants such as Coinbase Global Inc and Gemini Exchange have become the first companies to cut staff by 18 percent and 10 percent.