Largest Crypto Platform In MENA Trims Staff

BitOasis, the Middle East’s largest local crypto platform, reduced its headcount by about 7% this past week, the latest sign of stress at some of the region’s biggest digital-asset exchanges.

Earlier this week, nine employees were made redundant across offices in Dubai, Abu Dhabi and Amman. As the market slows down we ensure to stay focused on execution and growing our footprint across the region, Chief Executive Officer Ola Doudin said in a message to Bloomberg.