Overview
- About one-third of OKX’s institutional sales team departed through a mix of layoffs and voluntary exits, according to CoinDesk reporting cited by multiple outlets.
- A company spokesperson said a review of the institutional business led to an evolution toward a traditional coverage model intended to better support clients across regions and market cycles.
- Estimates of the cuts vary, with some sources citing eight to ten layoffs plus departures and another suggesting up to half the team, while exact figures remain undisclosed.
- Finance director Yana Vella announced she had left the company in a LinkedIn post on Friday.
- The restructuring coincides with global expansion and regulatory reviews, and OKX currently ranks No. 4 in spot and No. 2 in derivatives trading volume on CoinMarketCap.