Why is bitpanda slashing its headcount?

Bitpanda co-founders (left to right) Christian Trummer, Paul Klanschek and Eric Demuth. Austria-based crypto trading platform Bitpanda is slashing its headcount to ensure sustainability, the company said in a Friday blog post. Bitpanda’s founders said the firm needs to let employees go as it scales down due to market conditions.

Is bitpanda reducing its employee count?

Bitpanda announced it is reducing its employee count to 730, down from about 1,000. Bitpanda co-founders (left to right) Christian Trummer, Paul Klanschek and Eric Demuth. Austria-based crypto trading platform Bitpanda is slashing its headcount to ensure sustainability, the company said in a Friday blog post.

How does bitpanda work?

Since it was founded in 2014, the exchange has expanded beyond crypto to offer trading in stocks, precious metals and exchange-traded funds (ETF) through a mobile app. Before new cryptocurrency and token projects are listed, they will be vetted and go through a due diligence process handled by Bitpanda’s asset listing committee.

Who is bitpanda?

Bitpanda Home of Digital Assets. Since 2014. At Bitpanda, we are firm believers in the innovative power of cryptocurrencies, digitised assets and blockchain technology. Our mission is to tear down the barriers to personal finance and bring traditional financial products into the 21st century.