The Largest Stock Exchange In Brazil Has Reduced The Number Of Employees Due To The Fall In Trading Volume

In a few days, Brazil’s largest cryptocurrency exchange Mercado Bitcoin has fired 20 employees. This writes the local newspaper Portal do Bitcoin.

As the dismissed employees told the publication, the management of the exchange justified its decision with the upcoming changes in the marketing policy and personnel management. Sources also reported that in recent months there have been changes in the work of the exchange, and the volume of tasks for employees has decreased significantly.

Some sections of the platform were closed after the layoffs. The exchange fired those employees who came to work 2-6 months ago.

Note, in September, the trading volume on the site was 4 150 BTC, and in the first half of October – 1 965 BTC. This is 30% of all bitcoin trading on the Brazilian market.

Previously, ForkLog reported that the UK’s oldest bitcoin exchange Coinfloor has announced job cuts due to falling trading volume.