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How Bad Is a Crypto Winter for Coinbase?

Coinbase is laying off employees to prepare for an uncertain market.

By Jose Najarro – Jun 15, 2022 at 10:00AM EST

Today's video focuses on Coinbase (COIN 0.69%) and its recent move to lay off 18% of its total workforce as the crypto market continues to go down. At the moment, trading revenue is the largest revenue source for Coinbase, and as crypto prices continue to decrease, so does trading volume, resulting in less revenue. Check out the short video below to learn more.

*Stock prices used were the market prices of June 14, 2022. The video was published on June 14, 2022.



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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
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Jose Najarro has positions in Coinbase Global, Inc. The Motley Fool has positions in and recommends Coinbase Global, Inc. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Coinbase Global Stock Quote
Coinbase Global
NASDAQ: COIN
$167.85
(-0.69%)-$1.17

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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