Banxa lays off 30% of its staff
According to a recent report by The Australian Financial Review, Banxa has decided to reduce its staff by 30%. The company's common shares started trading on the Toronto Stock Exchange in January 2022. The shares, trading under the ticker TSX, initially resulted in a massive 90% upward motion but soon fell to over 70% from their all-time high amid the adverse market meltdown.Banxa is a crypto payment operator. It describes itself as a web3 on-and-off ramp solution, enabling users to convert fiat currencies to digital currencies such as cryptocurrencies and NFTs, and vice versa. In May, Banxa reported a 99% increase in year-over-year (YoY) revenue.
Notably, Holger Arians, the CEO of the Melbourne-based Banxa, reportedly predicted that the "crypto winter" would last for another year. The company has been hit by the dramatic fall in the market, which has made 100 employees in the company redundant. Last year, it expanded its staff by 250 employees. However, Arians now admits that the company overhired. According to him, the "painful changes" are necessary to survive the crypto market meltdown.
A streak of downsizing in the crypto market
Banxa is not the only crypto company that has decided to downsize the company during the ongoing market slump. Before this, crypto exchange platforms like Coinbase had also announced similar decisions to trim their staff. Coinbase started by halting its hiring process and announcing a reduction in staff by 18%.In contrast, exchanges like Binance and OKX are determined to use the ongoing downfall as an advantage to expand themselves. As we reported, OKX released a "quick update" with its community recently, revealing its plans to expand its staff by 30% by the end of the year.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
