Payments Company Affirm Shutting Down Crypto Business

Alongside its Q4 earnings results on Wednesday afternoon, Affirm (AFRM) announced the shuttering of its crypto operations, effective March 2.

The shut down is part of a larger retrenchment for the payments company, which also announced job cuts of 19% of its workforce. It’s unclear what proportion of those layoffs are to do with the crypto operation.

Shares are down 17% in after hours trade.



Show More

Become a Millionaire by Trading Crypto!