bitcoin btcusd trading platform nydig laid off about a third of its employees on sep 22 which numbered around 110 according to a report by the wall street journal what happened the company executives told the laidoff employees that it took the decision to cut down on expenses and to focus on more businesses the wsj report said nydig ceo robert gutmann and president yan zhao stepped down from their roles on oct 3 replaced by tejas shah and nate conrad respectively see also best cryptocurrency brokers and exchanges the company said its sales grew by 130 during the first half of 2022 “the firm’s balance sheet is the strongest it’s ever been and now we’re investing aggressively into a capitalstarved market” said ross stevens nydig’s founder as quoted by wsj nydig found in 2017 offers bitcoin trading brokerage and asset management services to institutional investors nydig’s bitcoin balances hit alltime highs in the third quarter up 100 yearoveryear read next bitcoin dogecoin rise ethereum drops after inflation spike analyst says apex crypto technical selling could get ugly below this leve