Cryptocurrency exchange OKX recently restructured its global institutional business, leading to the departure of some employees. People familiar with the matter said that about one-third of the institutional sales team left in this adjustment, including layoffs and voluntary resignation, and the specific number was not officially disclosed; The company said that this is not a "large-scale layoff", but a transition to a more traditional institutional client coverage model to strengthen long-term customer relationships and better support the needs of different market cycles. （CoinDesk）