Crypto exchange Huobi to fire 20% of staff as industry slump deepens

Crypto exchange Huobi to fire 20% of staff as industry slump deepens

FILE PHOTO: A representation of bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021. REUTERS/Dado Ruvic/File Photo

Crypto exchange Huobi plans to lay off about 20% of its staff, the company told Reuters on Friday, in the latest sign of sharp cost cutting in the industry as investor interest in digital assets slumps.