Cryptocurrency exchange WazirX laid off between 50 and 70 employees at the end of September, local sources reported.
WazirX, which drew a worse picture than a few months ago financially, decided to lay off.
Among the employees that the company has fired are names from the business development, policy, growth and marketing departments.
WazirX, with the help of the bull market in the crypto money market last year, 43 billion dollars It achieved trading volume and became India’s largest cryptocurrency exchange.
According to the information shared by The Economic Times, with the effect of the new tax application implemented in India, the trading volume of the stock market has increased. a 90% drop was recorded.
WazirX is one of the world’s largest cryptocurrency exchanges. Dispute with Binance negatively affected as well. According to a former WazirX employee who spoke to the press “WazirX, once one of the largest exchanges in the industry, is on the verge of collapse after things started to go wrong with Binance” came.