Coinbase, a major San Francisco-based cryptocurrency exchange, has increased the number of its staff members to 500, according to Business Insider report. The crypto giant, which is led by Brian Armstrong, has already hit its target for 2018. Meanwhile, Kraken went on a firing spree in of its business units, cutting ties with 57 people.
While the cryptocurrency market keeps losing billions of dollars, the company tries different businesses models (trading, custody, brokerage) in order to expand its dominance in the industry. As U.Today reported earlier, the exchange is also mulling over launching its own Bitcoin ETF, similarly to its main competitor Gemini.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Tomiwabold Olajide
Denys Serhiichuk
Dan Burgin
Vladislav Sopov