Blockchain.com will suspend its asset management department operations

2023-03-10 07:40:35

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ChainCatcher news, according to Bloomberg, Blockchain.com will suspend its asset management division. A document shows that Blockchain.com Asset Management (BCAM) applied for deregistration on Monday, and the company has not yet submitted any annual accounts.

It is reported that BCAM was launched in April 2022, and a company spokesperson stated in an email: "As the cryptocurrency winter has lasted nearly a year, we made the business decision to suspend operations in this division."

According to previous reports, Blockchain.com announced in January this year that it would lay off 28% of its workforce (about 110 employees). Last July, after the collapse of Three Arrows Capital, the company laid off about 150 employees. (source link)

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