Popular cryptocurrency exchange Blockchain.com has decided to halt its asset management arm, which is almost in its first year, citing the crypto winter.
Blockchain.com, as reported by Bloomberg on March 9, is due to the ongoing crypto winter. about 1 year ago initiated by England based Blockchain.com Asset Management (BCAM) asset management unit will end reported.
In the statement made by the stock market, BCAM’s macroeconomic conditions quickly without getting worse quite a short time before in April of 2022 institutional It was founded to serve customers but due to the crypto winter, its operations decision to stop specified.
According to the information given, to the UK regulator at the beginning of the week. registered among companies be erased the stock market, which made a request for annual financial report He didn’t even deliver.
One of the exchanges affected by the crypto winter Blockchain.com, last year Lightspeed Venture Partners in the financing tour led by 14 billion received an investment by reaching the valuation and this investment is trying to get through the difficult period. would help had explained. However, later in the year, the company said it despite the funding round. to cut costs on behalf of its employees 25% of he had quit his job.