UK’s oldest Bitcoin exchange ousts most of its staff, blames bearish market

The cryptocurrency market’s growth has been stagnant for too long now — and businesses seem to be losing hope. The UK’s oldest Bitcoin exchange desk Coinfloor is ousting most of its 40 employees, London-based Financial News reported today. The company’s CEO Obi Nwosu told Financial News that the exchange is seeing a significant drop in trading volume across the market compelling them to make some changes. He said: Coinfloor is currently undergoing a business restructure to focus on our competitive advantages in the marketplace and to best serve our clients. As part of this restructure, we are making some staff changes and…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

https://ift.tt/2yfCIhN Neer Varshney October 08, 2018 at 09:01AM