Coinbase Going Bankrupt? | Exchanges Face Crypto Crash

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Coinbase, an American cryptocurrency exchange, is pruning its workforce by 18% in preparation for a recession it says could lead to another crypto winter. Brain Armstrong, Coinbase’s Chief Executive Officer and Co-Founder, made the decision public on Tuesday and has been on a PR nightmare rally the past few days. Meanwhile other exchanges are moving quick to distance themselves from Celsius fiasco.

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