Recently, there have been new personnel changes in the cryptocurrency industry. Against the backdrop of increasingly fierce global market competition and rising profit pressures, many leading institutions are optimizing their organizational structures.

Blockchain software company ConsenSys cut about 7% of its staff last year, and crypto data research firm Messari also adjusted its team size. Meanwhile, a major exchange underwent a significant restructuring of its global institutional business—according to insiders, about one-third of the institutional sales team was affected. Specifically, approximately 8 to 10 people were laid off, and another 3 to 4 resigned voluntarily after the announcement. Some reports even suggest that nearly half of the team members left.

A spokesperson for the exchange explained that this was not a large-scale layoff but a strategic adjustment following an institutional business review. The core purpose is clear—shifting from previous aggressive expansion to a more traditional and stable institutional service model to deepen relationships with long-term clients. At the same time, resources need to be flexibly allocated based on regional differences and market cycle characteristics.

This move reflects a broader industry trend: transitioning from a period of rapid growth to more refined and localized operational strategies. Global licensing layouts and regional differentiated demands have become key focuses for exchanges to reorganize their business.