OKX Restructures Institutional Business, Cutting Sales Team
- Approximately one-third of OKX’s institutional sales team has been laid off.
- The restructuring is part of a broader overhaul of the exchange’s institutional business.
- This move reflects ongoing adjustments in the cryptocurrency exchange landscape.
The decision to cut staff comes amid a strategic shift aimed at streamlining operations and enhancing efficiency within the exchange. As the cryptocurrency market evolves, exchanges like OKX are adapting their business models to remain competitive.
With approximately one-third of its sales team exiting, OKX is making significant changes to its institutional focus as part of its restructuring efforts. (Source)
