Barhydt said while Abra has cut certain jobs the firm is still looking to hire for various roles. He declined to comment on specific functions but said around 10 positions are currently open.
US-based Abra has operations in Asia as well. Barhydt said those operations continue."We have a large team there with staff throughout the region," he said.that Hong Kong-based crypto exchange OSL has trimmed between 40 and 60 jobs, or about 15% of its workforce. In recent weeks, several crypto firms, including Coinbase, Gemini and BitMEX, have all slashed their workforces.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Yogita is a senior reporter at The Block and covers all things crypto. Before joining The Block, Yogita worked for CoinDesk and The Economic Times. She can be reached at