Coinbase slashes 1,100 jobs as crypto winter sets in

Coinbase slashes 1,100 jobs as crypto winter sets in

Coinbase had earlier this month said it would extend a hiring freeze and rescind a number of accepted offers to deal with current macroeconomic conditions. Coinbase had earlier this month said it would extend a hiring freeze and rescind a number of accepted offers to deal with current macroeconomic conditions. Coinbase Global Inc will cut […]

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Coinbase to cut 1,100 jobs amid turmoil in crypto markets

Coinbase to cut 1,100 jobs amid turmoil in crypto markets

Cryptocurrency exchange Coinbase Global Inc (COIN.O) said on Tuesday it would slash 18% of its workforce, or about 1,100 jobs, as part of efforts to rein in costs amid volatile market conditions. The layoffs come a day after Bitcoin fell as much as 14% after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and […]

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Coinbase to cut 1,100 jobs amid turmoil in crypto markets

Coinbase to extend hiring freeze and rescind some accepted offers

Coinbase Global Inc will extend its hiring freeze for the foreseeable future and rescind a number of accepted offers in order to deal with current macroeconomic conditions, the company said in a blog post on Thursday. Coinbase earlier froze hiring for two weeks as fears of rising interest rates rocked the cryptocurrency market. Now, the […]

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Coinbase to cut 1,100 jobs amid turmoil in crypto markets

Crypto exchange Coinbase establishes think tank to push policy goals

Coinbase, the largest cryptocurrency exchange in the United States, is launching a global think tank to shape the policy debate around digital assets as regulators and Congress explore how crypto assets should be governed. The Coinbase Institute will accelerate research on cryptocurrency and Web3 — a decentralized version of the internet — and spearhead discussions […]

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Coinbase’s NFT marketplace logs fewer than 150 trades on launch day

Coinbase’s NFT marketplace logs fewer than 150 trades on launch day

Cryptocurrency exchange Coinbase’s new non-fungible-token (NFT) marketplace has failed to attract NFT fans and enthusiasts. On the first day of its launch fewer than 150 people traded on the platform, as per the data received from Dune Analytics. According to Dune Analytics, on May 5 when the platform was launched only 150 users traded on […]

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