In Wake of Layoffs and Pulled Job Offers, Coinbase Announces European Expansion Plan - Aliens: AI Crypto News & Markets Updates
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In Wake of Layoffs and Pulled Job Offers, Coinbase Announces European Expansion Plan

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Decrypt

Sat, Jul 02, 2022

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The biggest U.S. cryptocurrency exchange, according to a company blog post , seeks to be “driving a concerted effort to strengthen our presence in Europe.” Just last month, Coinbase announced it would cut its workforce by 18%—1,100 employees—in preparation an “extended” crypto winter.

The U.K. government in April announced plans to become a “global crypto asset technology hub”—with stablecoins being used “as a recognised form of payment.” “While markets will always be volatile,” the blog post concluded, “we believe the future is bright—and we’re excited to keep building that future with our customers and partners across the region.” Get the biggest crypto news stories + weekly roundups and more!

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