Reports suggest binance has scaled back on benefits due in part to the impact of regulations on the exchange
Global cryptocurrency exchange Binance reportedly cut back on certain benefits to its employees in June amid reevaluation efforts at the firm.it had stopped offering reimbursement to employees for certain expenses, including the use of mobile phones, fitness and working from home.
The crypto exchange reportedly cited the “current market environment and regulatory climate,” which led to a decline in profit, suggesting more cost-cutting measures may be needed.of more than 1,000 people in a matter of weeks. The crypto firm had roughly 8,000 people prior to its six-year anniversary on July 14.
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