Coinbase lays off 950 employees, CEO says the exchange is well capitalized

Coinbase lays off 950 employees, CEO says the exchange is well capitalized

Market Analysis
January 11, 2023 by secret
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[ad_1] The exchange wants to reduce operating costs by 25%. It is the second crypto exchange after Huobi to confirm layoffs in 2023. Coinbase CEO has however confirmed that the exchange is well capitalized. The American-based cryptocurrency exchange, Coinbase has announced through its website that it is cutting down on its operating expenses by 25%.