Shares in Coinbase fell 4.5% in US premarket trading following the news

Crypto

Beaten-down crypto broker Coinbase Global said on 10 January that it would lay off around 950 employees as it confirmed a painful 2022 loss of as much as $500m.

Shares in Coinbase fell 4.5% in US pre-market trading following the news.

Coinbase plans to lay off 950 employees amid $500m loss

Jack Denton

Coinbase

FactSet

Currencies

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