USA’s largest cryptocurrency exchange Coinbaseannounced its plan to strengthen its presence in Europe in a blog post on Friday.
Coinbase, one of the most popular cryptocurrency exchanges in the USA and the world; He announced that he wanted to work to be active in the Netherlands, Spain, Italy and France.
Koinfinans.com As we have reported, according to previously reported news, Coinbase has announced its plans to lay off 18% of its total workforce, or 1100 employees. earlier this week Goldman Sachsdowngraded Coinbase stock and lowered its price target to $45. The American banking giant predicts that the largest US stock market will have to lay off more employees to comply with the new standards.
As a result of all the developments bitcoin The price dropped to $ 17,600 levels, albeit momentarily, and frightened investors. This level represents the worst quarter recorded in more than a decade. Despite all these developments, Coinbase stopped selling Bitcoin assets.
However, Coinbase continues to argue that the crypto winter will not hinder its expansion in Europe. In fact, the company expanded its UK operations in 2015 despite Bitcoin being in the midst of a brutal bear market. Such a move proved to be of great benefit in the years that followed, when crypto prices began to rise again.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.