Cryptocurrency exchange Luno is cutting 20% of its global staff as it moves to restructure amid the ongoing decline in digital assets such as Bitcoin (CRYPTO: $BTC). 

Luno Chief Executive Officer (CEO) James Lanigan announced the job cuts and restructuring, saying they are due to “market conditions.” 

However, Luno has not said publicly how many employees are affected by the changes.

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Prices for Bitcoin, Ethereum (CRYPTO: $ETH), Solana (CRYPTO: $SOL), and other tokens have fallen steadily since last autumn and have been slow to recover.  

In a statement, Luno said the restructuring will allow it to…