Singapore-based crypto exchange Crypto.com is cutting about 12% of its workforce, or roughly 180 employees, as it leans into AI-driven efficiency, joining a growing wave of firms shrinking teams while betting on automation.
Kris Marszalek, Crypto.com’s CEO, on X said companies that do not pivot toward the integration of AI into their processes will fail.
In February, Marszalek said Crypto.com spent $70 million to buy ai.com, signaling his company’s move into artificial intelligence, a sector that reached nearly $1.5 trillion in worldwide spending in 2025, according to Gartner.
The Singapore-headquartered exchange had around 1,500 employees before the cuts.
The Singapore-based exchange, which boasted 100 million registered accounts and approximately $750 billion in trading volume in 2025, recently received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, setting the stage for the exchange to expand its custody services under federal oversight.
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