A clutch of crypto firms, gripped by an industry-wide downturn that has deepened with the collapse of major exchange FTX, have filed for bankruptcy protection in recent months
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Cryptocurrency exchange Coinbase Global Inc said on Tuesday it will reduce its workforce by about 950 employees as part of a restructuring plan.
A clutch of crypto firms, gripped by an industry-wide downturn that has deepened with the collapse of major exchange FTX, have filed for bankruptcy protection in recent months.
Coinbase shares rose 2.9% in premarket trading.
(Reporting by Manya Saini in Bengaluru; Editing by Saumyadeb Chakrabarty and Shounak Dasgupta)
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