Overview
- Reports differ on the scale of reductions, with estimates ranging from roughly one‑third to as much as half of the institutional sales team.
- Some accounts cite eight to ten layoffs alongside additional voluntary departures, contributing to the overall exits.
- OKX states the move is not a case of mass layoffs and frames it as a shift designed to deepen long‑term relationships with institutional clients.
- Finance director Yana Vella confirmed she has stepped down, announcing her departure in a LinkedIn post.
- Despite the restructuring, OKX remains a top‑tier exchange by volume, ranking fourth in spot and second in derivatives trading, and it expects further organizational and licensing reviews.