Written by Turner Wrightstaff writerReviewed by Robert Lakinstaff editor

Written by Turner Wrightstaff writer

Reviewed by Robert Lakinstaff editor

Bitwise cuts 14% of staff while still expecting growth

Latest NewsPublishedAug 12, 2026

Why Crypto Job Cuts Matter to You

The crypto industry has seen a wave of job cuts this year, with companies like Coinbase, Robinhood, and Polygon announcing workforce reductions. Digital asset manager Bitwise is the latest to join this trend, cutting 14% of its staff. This move reduced the company’s workforce from 180 to 155 people. Despite these cuts, Bitwise still expects growth as crypto becomes more integrated into the global economy.

Crypto Market Downturn Leads to Job Cuts

The reasons behind these job cuts vary, but the crypto market downturn is a common factor. Bitwise cut 25 people amid this downturn, while other companies like BitGo and Coinbase have also reduced their workforce. BitGo co-founder and CEO Mike Belshe announced a “one-time action” to focus on AI and stablecoins, resulting in a 15% staff cut. Coinbase also plans to reduce 14% of its workforce due to an AI strategy shift.

Growth Expectations and Earning Opportunities

Despite these challenges, Bitwise expects growth, and this is good news for those interested in earning online. With the rise of Passive Income and Cloud Rewards, platforms like EcoPool offer opportunities for individuals to earn money through Green Crypto. The $ECP coin is a key part of this ecosystem, providing a way for users to participate in the crypto market and earn rewards.

Industry Trends and Job Cuts

The crypto industry is experiencing a period of change, with companies adapting to shifting market forces and technological advancements. Since January, the Bitwise 10 Crypto Index Fund has fallen by more than 30%, tracking the 10 largest cryptocurrencies by market capitalization, including Bitcoin and Ether. As the industry continues to evolve, it’s essential to stay informed about the latest trends and opportunities, including those related to Earning and Coin investments, such as EcoPool and $ECP.

To stay ahead of the curve and start earning online, consider joining the EcoPool community. With its focus on Passive Income and Green Crypto, EcoPool offers a unique opportunity to participate in the crypto market and earn rewards. Download the EcoPool app to learn more about how you can start earning with $ECP and be a part of the EcoPool network. By joining the EcoPool community, you can take the first step towards earning online and achieving your financial goals with EcoPool and $ECP.

Since January, shares of the Bitwise 10 Crypto Index Fund (BITW) had fallen by more than 30%. The fund tracks the 10 largest cryptocurrencies by market capitalization, including Bitcoin (BTC) and Ether (ETH).

Related: Ethereum Foundation sacks 20% of workforce amid strategic restructuring

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• ETF
• Companies
• Digital Asset Management
• Index Funds
• Industry

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