Bullish catches the crypto contagion, cuts jobs

Crypto exchange Bullish has announced job cuts. Bullish is a crypto exchange serving institutional clients.

Bullish has joined rivals in making layoffs, catching the crypto market flu.

Fewer than 30 staff members have lost their jobs at Bullish — which employs around 390 people.

Bullish was launched last year as a subsidiary of Block.one, the software company behind the EOSIO blockchain protocol.

Block.one and other investors — including Peter Thiel’s Thiel Capital, British hedge fund billionaire Alan Howard, Galaxy Digital and Nomura — provided an initial $10 billion in funding.

In recent weeks, Coinbase, Gemini, BitMEX, OSL and Abra have all trimmed their workforces.