FalconX has reportedly cut about 10% of its global workforce as the digital asset prime broker prepares for an extended cryptocurrency market downturn.
Summary
- FalconX reduced its global workforce by roughly 10%, affecting an estimated 35 positions.
- The company plans to withdraw its Singapore license application and prioritize crypto derivatives.
- FalconX will maintain its Asian presence while directing more resources toward European expansion.
- The layoffs follow recent workforce cuts at Luno, Pump.fun and other crypto companies.
FalconX layoffs affect about 10% of staff
FalconX implemented the workforce reduction across its global operations, Bloomberg
