San Francisco, 5 May 2026 – Coinbase Global is cutting about 14% of its workforce, or roughly 700 employees, as the cryptocurrency exchange moves to reduce costs, simplify operations and restructure itself around artificial intelligence amid continued volatility in digital-asset markets.
The company said the restructuring is intended to make Coinbase leaner, faster and more efficient. The move reflects two major pressures facing the crypto platform: unpredictable market cycles and rapid advances in AI that are changing how technology companies organise work. Coinbase expects the restructuring to be substantially completed in the second quarter of 2026, with estimated charges of US$50 million to US$60 million, mainly related to severance and employee termination benefits.
Unlock the Full Article
This article is exclusive to The Ledger Asia Subsribers / PAID members.
Already have an account? Log in here
