NewsMV
A 10% workforce reduction at FalconX, the digital asset prime broker, is the latest signal that cost pressure across crypto has not relented.
Bloomberg reported the layoffs alongside a strategic pullback: FalconX is withdrawing its local license application in Singapore and refocusing its approach to that market.
No absolute headcount figure in terms of job count, and no dollar savings estimate, was attributed in the report. Headcount reduction FalconX sits within a pattern Bloomberg framed directly in its reporting.
Crypto companies continue trimming costs through a prolonged market slump. The 10% reduction is the only metric the report attaches to the workforce move.
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