Coinbase jumps to a one-month high as the crypto exchange says it will slash another 20% of staff amid market slump

Jan 10 2023 by Business Insider

 
Coinbase shares went public in April 2021.

Shannon Stapleton/Reuters

Coinbase shares spiked up Tuesday after the crypto exchange said it plans to cut more jobs.  The stock reached a nearly one-month high after CEO Brian Armstrong outlined the decision to slash 950 jobs.  Coinbase shares plunged 83% in 2022 as the crypto market's valuation suffered. 

Coinbase shares pushed higher Tuesday as the company outlined plans to cut more jobs to navigate through turbulence in a crypto market hurt by...

Continue Reading Coinbase jumps to a one-month high as the crypto exchange says it will slash another 20% of staff amid market slump