News Snapshot:
BitMEX is laying off a quarter of its global workforce of 300, as the Seychelles-based cryptocurrency derivatives exchange streamlines its business amid heightened regulatory scrutiny. The redundancies, which take effect at the end of April, will affect about 75 staff, according to people familiar with the matter. A spokesman confirmed that BitMEX is reducing its workforce to prepare for “the next phase of the business,” adding that the platform will operate as normal. The exchange, best known for its highly leveraged perpetual swaps that let traders bet up to 100 times their capital, was once the top market place for...
