The Block reported that Binance has laid off some employees who did not fit Binance's corporate culture and were inefficient. However, the cryptocurrency exchange added that the decision was not a matter of adjusting the size of the company, but an assessment of its talent and expertise in key business units. Following the news, BINANCECOIN is losing slightly because investors see the news as a signal of slowdown inside the crypto industry. Binance is the biggest crypto-exchange in the world.
Source: xStation5
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