Crypto trading company Nydig lays off about 110 people: WSJ


Bitcoin trading and banking company New York Digital Investment Group LLC (Nydig) has reduced its work force by about 110 people or a third of its work force, The Wall Street Journal reported Friday. The move comes after the company on Oct. 3 named Tejas Shah as its new CEO. In December, Nydig raised $1 billion in capital at a valuation of $7 billion. Stone Ridge Holdings Group is the parent of Nydig.

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