2TM, the owner of Mercado Bitcoin, Brazil's largest cryptocurrency exchange, has decided to lay off 80 employees on Wednesday, joining a slew of rivals that have taken similar actions. “The changing global financial landscape, rising interest rates and inflation have been having a major impact on technology-based companies,” 2TM said in a statement, as quoted by CoinDesk on Friday. The Brazilian unicorn added that “the scenario required adjustments that go beyond reducing operational expenses, making it necessary also to lay off part of our employees.” Based on its LinkedIn pages, 2TM has over 80 staffers, while Mercado Bitcoin has more than 580 employees. The news comes shortly after crypto exchange Gemini laid off 10% of its employees as the "crypto winter" prevails. Also, Coinbase Global (COIN), America's largest crypto exchange by trading volume, extended its hiring pause. In the beginning of May, Coinbase was said to end talks to buy
SEC Hosts First-Ever Crypto Roundtable Today
