Uphold Lays 17% of Global Employees, Shifting Business Focus to Enterprise Services

Uphold, a digital asset trading platform, has laid off 17% of its global workforce and redirected resources towards enterprise operations. Uphold will not close any offices, and customer service for UK, European, and corporate clients will continue as usual. The weakening of retail cryptocurrency trading activities has accelerated the adjustment, and demand from banks, fintech companies, and broker dealers is still growing.