Uphold cut 85 employees and contractors — 17% of staff — as retail crypto trading slows and the platform shifts investment to enterprise services.
- Uphold has laid off 17% of its staff (85 employees) due to a slowdown in retail crypto trading.
- The company is pivoting its investment and resources towards growing its enterprise services business, providing crypto infrastructure to financial institutions.
- Despite the restructuring, Uphold plans to expand its retail app into a broader financial platform offering stocks, tokenized securities, and other services.
Topics: Infrastructure providers, Scalability, Institutional adoption, Tokenization platforms, Institutional capital inflows, Asset manager initiatives
Tags: #uphold #layoffs #enterpriseservices #retailcryptotrading #blockchaintechnology #financialinstitutions #tokenizedsecurities #digitalassets #cryptoinfrastructure
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