As the Crypto Bear Market deepens, Singapore-based Bybit has announced plans to reduce its Workforce. It has become the latest crypto company to slash its 30% workforce. Notably, the exchanges' Workforce had grown from a couple of hundred to around 2,000 at the height of the bull market. Bybit is a spot and derivatives exchange with a daily trade volume of $239 million and offers 265 coins and 345 pairs.