Rain Financial, a crypto exchange company based in Bahrain It has laid off dozens of employees. Amid the slump in digital assets According to those who have direct knowledge of this matterwith Bloomberg
“While cryptocurrencies and the world market continues to slow down This affects businesses around the world,” Rain Financial CEO Joseph Dallago said in a statement to Bloomberg. “We had to make tough decisions to get through this period of uncertainty. And we can confirm that we have downsized Rain’s staff.”
earlier this week US-based crypto exchange Gemini has also cut its workforce by 10%, according to reports.The Block
Rain Financial raised $6 million in January, led by Middle East venture capital firm MEVP Capital.
Bahrain-based exchange Rain Financial lays off dozens of jobs Amid the downturn, Bloomberg reports appeared first on Bitcoin Addict.