SINGAPORE – Singapore-headquartered cryptocurrency exchange Crypto.com has laid off around 12 per cent of its global workforce, or 180 employees, as part of a strategic restructuring exercise, The Straits Times has learnt.

In an e-mail to affected employees, the firm’s human resources (HR) department said that the cuts are part of its reorganisation. No other details were given in the e-mail sent on the morning of March 19 except that the firm is pivoting “towards key business initiatives”.

Crypto.com reported that it had more than 100,000,000 registered users in 2024. Its global headcount was more than 1,500 before the layoff, based on information from its website. It is not known how many employees in Singapore are affected.

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