The atmosphere for this anniversary is not really festive. Coinbase, one of the world’s largest cryptocurrency exchange platforms, celebrates its 10th anniversary on Monday in a more than gloomy context for the entire digital asset segment. In a letter to its 5,000 employees last Tuesday, the company announced a one-fifth reduction in its workforce to ensure its survival. After the exceptional year 2021, when the global capitalization of cryptocurrencies reached a peak of $ 3,000 billion in November, the fall in the price of bitcoin is more serious. “We grew up very fast” Coinbase co-founder and CEO Brian Armstrong admits. The company has had other bear market crises in its short history, the so-called “crypto winters”, but this one is undoubtedly the most painful.
Because during the ten years of its existence, Coinbase has radically changed in the field of և և ambitions. “Our…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.