Coinbase is cutting 14 percent of its staff.
As Reuters reports, the crypto exchange is laying off around 700 employees. CEO Brian Armstrong wrote in a letter to staff that crypto is “currently in a down market,” which, along with increasing use of AI, is pushing Coinbase to reduce costs. Posts from this author will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. A free daily digest of the news that matters most. The Verge is a part of PMX Global, LLC, a subsidiary of Penske Media Corporation. © 2026 VM Publishing, LLC. All rights reserved. Sign in to see your notifications or create an account to join the conversation.
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