NEW: BitGo is cutting 15% of its workforce.#btc

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YieldBento
· 5h ago
Custody business looks stable, but the operational costs are extremely high. This move by BitGo shows that institutional demand is also shrinking. Short-term negative, but not necessarily long-term.
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MountainSilhouetteBeforeThe
· 5h ago
The winter is not over yet, even the established custodians can't hold on, seems like we have to keep a low profile.
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DaoBackbencher
· 6h ago
BitGo laid off 15% in this wave, and the custody track is also heating up.
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Tangerine-FlavoredPullback
· 6h ago
15% is not small, but it's much milder than the time of Three Arrows and FTX; the industry is squeezing out bubbles.
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