Philip Hammond CEO Digital Strategy Philip Hammond

Crypto firm Copper makes job cuts

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The firm, which is chaired by former chancellor of the exchequer Philip Hammond, says it will focus on developing its core services and is "more confident than ever with regards to its future".It recently announced new exchanges joining the network, and has experienced significant increases in trading volumes and clients onboarding since the end of 2022.

Dmitry Tokarev, CEO, Copper, says: "We regret that our strategic re-alignment in the current market environment has led to us announcing a redundancy process.He continues: “Copper remains on course to be the best supplier of digital asset custody and prime services that meet the needs of institutional investors.

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