Crypto exchange OSL’s CEO Trench to move to advisory role

FILE PHOTO: A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration

NEW YORK: The chief executive officer of the Fidelity International-backed crypto platform OSL, Wayne Trench, is transitioning to an advisory role as the digital asset platform looks to cut operating expenses and lay off staff.

Hugh Madden, the CEO of parent firm BC Technology Group, will head the entire company going forward, according to an OSL statement.