Tag: DCX

NEW DELHI: Crypto exchange CoinDCX has laid off 12% of its workforce or 71 employees as it is navigating a tough business environment. "Startups and businesses globally are going through challenging times due to tough macro conditions, more so in crypto because of the prolonged bear market and impact of TDS (tax deducted at source) on domestic exchanges. These factors had a significant impact on our volumes and thus revenues," founders Sumit Gupta and Neeraj Khandelwal said in a blog post on Tuesday.The layoffs have impacted employees across...