‘We Have to Spend Money Carefully’ – Huobi Confirms Lay Offs Despite Profits16.8

The prolonged bear market hasn’t yet managed to throw one of the leading cryptocurrency exchanges, Huobi, in the negative. However, despite still being profitable, the company is letting people go in an attempt to “spend money carefully.”

Huobi is a China-based cryptocurrency exchange with around $300 million in daily traded volumes, making it one of the top-ten cryptocurrency exchanges in the world.

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