French cryptocurrency broker Coinhouse announces 15% layoffs

A spokesperson for cryptocurrency brokerage Coinhouse confirmed to Decrypt that Coinhouse announced 15% of its layoffs. According to a report by local media BFM on October 13, the company has laid off 10 employees from its 70 employees. Coinhouse’s current headcount has been reduced to 60 employees from 100 employees a year ago. Coinhouse is a Paris-based cryptocurrency broker that allows investors to buy and sell up to 40 different cryptocurrencies. Founded in 2015, Coinhouse became one of the first entities to receive registration as a digital asset service provider (PSAN) from the French Authority for Financial Markets (AMF) in 2020. (Decrypt) According to previous news, Coinhouse, a French compliant digital asset platform, announced the completion of a US$17 million Series B financing in January 2022, with True Global Ventures 4 Plus (TGV4 Plus) Fund leading the investment with US$5.7 million. In June 2022, Coinhouse announced the completion of 40 million euros (approximately US$42.5 million) in financing, led by ODDO BHF and True Global Ventures 4 Plus, with participation from Tioga Capital, XAnge Siparex Innovation, Raise Ventures, CF Partners, ConsenSys, Expon Capital, etc. cast.