U.S. Market Watchers Want to Hire Dismissed Cryptocurrency Employees


The Financial Industry Regulatory Authority (FINRA) in the United States can also take advantage of the cryptocurrency currently being dismissed by various crypto companies.

According to a Reuters report, the idea was highlighted by FINRA CEO Robert Cook.

The publication quoted that regulators said they needed to add resources as they seemed to strengthen cryptographic surveillance with more involvement in the space from members of the agency.

“We need to be involved and prepared to secure the resources to do that,” Cook said, referring to an increasing number of companies getting approval to trade digital assets.

“So anyone who has been fired from a crypto platform and wants to work for FINRA should call me,” he added.

Cryptographic layoffs in bear market wipeouts

As prices plummeted in the midst of a major sale, some companies chose to reduce headcount as part of their efforts to maintain profitability, as the tough times for the crypto market affected crypto companies.

Coinbase has announced plans to dismiss 18% of its employees, while BlockFi has announced that it will dismiss 20% of its employees. Crypto exchanges Gemini and Crypto.com have also moved to reduce the workforce as a result of market conditions.

However, not everyone is dismissing employees.

Binance, the world’s largest cryptocurrency exchange in terms of trading volume, has 2,000 open job positions. Nexo is also hiring, but FTX CEO Sam Bankman-Fried recently said the company will continue to hire more people cautiously.

BTC prices fall further

In the market, Bitcoin was below $ 21,000, while Ethereum was slightly above $ 1,000. Almost all other crypto assets are bright red.


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