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Coinbase Shellacking: Crypto Exchange Cuts Staff, Shutters Chicago Hub

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By CCN: The markets may be moving into the green, but 30 Coinbase engineers will be seeing red tonight after they were reportedly laid off and the firm’s Chicago office closed. It’s a sure sign that despite positive sentiment returning, the crypto bear market is still determined to shrink a few more businesses before it’s over. It’s also a signal that mainstream financial players haven’t been ready to take the plunge into crypto. A Coinbase spokesperson told CCN: “Coinbase has consolidated our matching engine efforts into our San Francisco office. This means we are shutting down the matching engine efforts

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* First published on ccn.com

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