” … 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,” the company said. “These factors had a significant impact on our volumes and thus revenues … we have made the difficult decision to resize certain teams and to steer the business towards a profitable and sustainable growth.”
CoinDCX to Cut 12% of Jobs as Crypto Bear Market, India Taxes Take Their Toll
