Coinbase, the largest US cryptocurrency exchange, has decided to liquidate most of its operations, disposing of its Japanese unit.
Nana Murugesan, Vice President of Business Development and International at Coinbase January 10 He told Bloomberg that most of the operations in Japan liquidation to be decision was made, and in this context, most of the staff from work will be removed reported. He will be terminated number of personnel a detail about not giving Murugesan emphasized that the decision taken was quite difficult for the management.
Murugesan, the Japanese unit of the stock exchange sold out will not be sold The question is the company’s potential merger and buy taking about its activities comment won’t do he left unanswered.
About layoffs time chart to determine the Japanese with regulators near Expressing that they are working in a way, Murugesan, CEO of Japan In Nao Kitawaza stated that he took part in these talks. Murugesan also provides employees affected by this situation by the company. comprehensive a support package underlined that.
Coinbase has recently undergone restructuring 950 He announced that he would terminate his employee’s employment. With these moves, the stock market greatly reduced the operating costs in the current bear market conditions. trying to lower it.