Coinbase (COIN) has recently cut more than 1,000 jobs, representing 18% of its global workforce. You might think that the layoff is a sign that Coinbase is shrinking its operations due to a falling crypto market, but you would be wrong. The company is actually expanding its business. Coinbase operates a crypto trading platform. It has grown to become one of the largest crypto exchanges in the U.S. Its main competitors are Binance, FTX, Kraken, and Gemini. Focus Is on International Growth Coinbase has relied heavily on the U.S. market for a long time, which is about to change now.
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