:Genesis Trading on Wednesday named chief operating officer Derar Islim as the interim head of the crypto broker and said it had reduced its headcount by 20 per cent.
The New York-based company is the latest in the cryptocurrency space to be hit by the so-called"crypto winter", which has compelled a string of high profile firms to shrink their workforce in recent months.Last month, Genesis disclosed it had exposure to bankrupt crypto hedge fund Three Arrows Capital, another casualty of the receding interest in digital assets.
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