OKX Lays Off One-Third of Institutional Staff in 2026 Restructuring

Cryptocurrency exchange OKX is undergoing global restructuring, leading to staff reductions in its institutional business. Reports suggest layoffs affecting 30-50% of the team, though a company spokesperson claims these adjustments aim to enhance client relations and regional support.

OKX ranks fourth in 24-hour spot trading volume at $1.53 billion and second in derivatives trading volume at $21.80 billion, according to CoinMarketCap.
The exchange maintains regulated operations in regions such as the EU, Dubai, Singapore, and certain US states.
Yana Vella, Head of Finance, has departed OKX.
Recent strategic moves include a PayPal integration for European users and relisting Zcash for spot trading.