Coinbase Global said in a blog post that it was planning to expand in Europe, despite a digital asset market downturn.
“As part of our recently announced two-pronged growth strategy, we are driving a concerted effort to strengthen our presence in Europe,” the crypto exchange said on Friday.
While Coinbase already has a presence in the UK, Ireland and Germany, it said it is in the process of expanding into France, Italy, Spain and the Netherlands, with a goal of launching its retail, institutional and developer products.
On June 14, Coinbase said it would cut the size of its workforce by about 18% — or more than 1,000 people — to weather the crypto market downturn.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
About Author
Mike Millard has worked as an editor for Bloomberg and Reuters, various newspapers and websites. He lived in Asia for more than two decades and now calls the Greek island of Corfu home. He is the author of three books.
Source: https://www.theblock.co/post/155623/coinbase-plans-to-expand-into-more-european-markets-despite-downturn?utm_source=rss&utm_medium=rss