Coinbase to Cut 1.100 Jobs Amid Turmoil in Crypto Markets
KONTAN.CO.ID - Cryptocurrency exchange Coinbase Global Inc 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 US cryptocurrency lending company Celsius Network froze withdrawals and transfers, in the latest sign of the financial market downturn hitting the cryptosphere.
