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BitGo, a crypto infrastructure firm, has cut 15% of its workforce. Co-founder and CEO Mike Belshe described the reductions as "a one-time action" and said the company does not expect to make further cuts.
What "Crypto Infrastructure" Means — and Why the Headcount Matters Crypto infrastructure refers to the back-end services that keep digital-asset businesses running: custody, settlement, wallet technology, and related institutional plumbing.
Unlike consumer-facing exchanges, infrastructure firms sit deeper in the stack, handling assets on behalf of other businesses rather than retail users.
When a firm at that layer trims staff, it can signal shifting demand from the institutional clients who rely on those services, a change in the firm's own cost structure, or both.
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