Koinly lays off staff and prepares to close London office as ‘crypto winter’ bites

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By Darren Parkin Bosses at crypto tax reporting platform Koinly say they are already letting staff go and will be shutting down its London office in the new year. The company’s founder is pointing the finger at the so called ‘crypto winter’ and prolonged bear market with the start-up tax reporting application facing a 14 per cent layoff which will affect 16 members of staff. The end-of-year move is a deeply contrasting change in fortunes to the start of 2022 which saw Koinly enjoy an enthusiastic 225 per cent expansion. Offices in Sydney will remain open and become the firm’s headquarters, whi…