Crypto exchange Bitso lays off 80 employees, CoinDesk reports


Latin American crypto exchange Bitso laid off 80 members of staff on Thursday, CoinDesk reported

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Bitso had more than 700 employees before the layoffs and still lists more than 60 open jobs on its website, according to the report, which cited a statement from Bitso.

The Gibraltar-registered exchange has more than 4 million users in Latin America, across Mexico, Brazil and Argentina. It officially launched its trading app in Colombia just last week. 

The company closed a Series C fundraising round in May 2021 at a valuation of $2.2 billion. Tiger Global and Coatue Management co-led the $250 million round, which finished just a few months after Bitso announced its Series B. 

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