Crypto.com Cuts 180 Jobs as AI Reshapes Crypto and Tech Workforce

TLDR

• Crypto.com is cutting 12% of its workforce, around 180 employees, citing AI integration
• CEO Kris Marszalek warned companies that don’t adopt AI “will fail”
• The firm spent $70 million to purchase the ai.com domain in February
• Similar AI-linked layoffs hit Block, Algorand Foundation, and Messari this week
• Crypto.com recently received conditional approval to launch a U.S. federal trust bank

Crypto.com is laying off approximately 180 employees, representing 12% of its roughly 1,500-person workforce. The Singapore-based exchange says the cuts are part of a shift toward AI-driven operations across the business.

A company spokesperson confirmed all affected staff have been notified and will receive transition support.

This is the third time Crypto.com has reduced its workforce in four years. The company made a 20% cut in 2023.

In February, Marszalek announced Crypto.com spent $70 million to buy the ai.com domain. The purchase signaled the company’s intentions to move deeper into artificial intelligence. Global AI spending reached nearly $1.5 trillion in 2025, according to research firm Gartner.

A Wider Wave of AI-Linked Cuts

Crypto.com is not alone. Several firms have announced workforce reductions this week tied to AI adoption.

The Algorand Foundation cut 25% of its staff on Wednesday, pointing to the “uncertain global macro environment.” Crypto data firm Messari also made cuts and leadership changes as part of its own AI restructuring.

Last month, payments company Block cut its workforce down to 6,000 employees, a 40% reduction. CEO Jack Dorsey said AI tools were enabling smaller teams to work faster and more efficiently.

Earlier this year, OKX restructured its global institutional business, leading to job losses the company declined to quantify. Polygon laid off 60 employees in January. The broader U.S. tech industry cut around 22,291 jobs last year.

Regulatory Progress Alongside the Cuts

While reducing headcount, Crypto.com has been making regulatory progress in the United States.

The exchange recently received conditional approval from the Office of the Comptroller of the Currency to establish a national trust bank. If fully approved, this would allow Crypto.com to offer federally regulated digital asset custody, staking, and trade settlement.

The approval came weeks after the company donated $5 million to a pro-Trump super PAC.

Crypto.com reported around 100 million registered accounts and approximately $750 billion in trading volume in 2025.

The company also launched a prediction market product in the U.S. last month, adding to its expanding range of services.

The conditional trust bank approval from the OCC remains the most recent development in Crypto.com’s U.S. regulatory push.

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