Crypto trading platform Uphold has reduced its global workforce by roughly 17% as it redirects staff and investment toward its enterprise services business. Uphold said the decision followed weaker retail crypto trading activity during the recent market downturn rather than plans to close offices or withdraw from international markets. “Despite the current slowdown in crypto trading activity, we’ve never been more confident in the prospects for digital assets and blockchain technology.” Why Is Uphold Focusing on Enterprise Services? Related: Uphold Advances Into Tokenized Securities With FINRA Application and tZERO PartnershipThe expansion would move Uphold beyond its core role as a crypto trading venue.