The largest exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. in Mexico and Latin America, Bitso , despidió a parte de su personal. El anuncio llega dos días después de que otro exchange de la región echara a a la mitad de sus trabajadores.
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- Bitso laid off 80 employees
- The exchange had 700 workers before
- 4 million users have the Mexican exchange
The crisis of cryptocurrencies and, in general, of the economies of our countries, is beginning to affect crypto companies. On Wednesday we told that the Argentine exchange Buenbit had to lay off half of its staff in the region. .
Now, news of layoffs comes from Mexico’s largest exchange: Bitso , who yesterday fired 80 employees. This was acknowledged by the company itself in a press release:
“Our decisions about the people who work in our company are made on the basis of our long-term business strategy and to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. our customers and our strategy as a company.” Dijo Bitso.
According to information published in the media, Bitso had more than 700 employees before the layoffs. In addition, records on their website show that they are still looking for staff as there are 60 vacancies on their jobs page. However, perhaps that page is out of date.
In his statement, he says Coindesk the company mentioned the need to rethink the skills it needs from employees to move faster in the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. industry as reasons for the cuts. He did not mention any difficulties in raising capital.
Unicorn
Bitso The company, founded in 2014 by Mexican Daniel Voguel, which has become a “unicorn” category company (this is the name given to companies that exceed US$ 1 billion), has more than four million users in Mexico, Argentina, Colombia and Brazil. The company told CoinDesk in January that it aimed to become Brazil’s largest exchange by the end of 2022. In Brazil, Bitso compete with the exchange Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. Marketplace, the leader with more than four million customers.
The latest investment round of Bitso was in May 2021, when it raised $250 million at a valuation of $2.2 billion, becoming the first crypto unicorn in Latin America.
The company had announced on May 18 its arrival in Colombia, after being installed in countries such as Brazil and Argentina, in addition to Mexico, its nation of origin.
However, despite having laid off about 11% of its staff, it does not stop in projects. On Wednesday it announced in a press release its alliance with Boletomobile, a major ticketing platform a place to buy, sell and store cryptocurrency in Mexico, which will allow fans to pay for tickets to sporting events using crypto.
Snowball?
As we said, the dismissals of Bitso occur two days after Buenbit, the Argentina-based cryptocurrency exchange, laid off about half of its staff, due to the “global overhaul” the tech industry has entered, according to its CEO, Federico Ogue. Will this snowball?
Sources: Expansion , Bitso Jobs Page , Coindesk , Press release, archive
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