Coinbase Is Cutting 60 Positions Amid Crypto Winter Layoffs (1)

Coinbase Global Inc. said it was eliminating 60 positions, the latest in a series of job cuts by the exchange as the monthslong slump in cryptocurrencies deepens.

The largest US digital-asset trading platform plans to reduce its recruiting and institutional onboarding groups, according to a statement Thursday.

Coinbase’s Chief Financial Officer Alesia Haas says the firm is cutting 60 jobs.

Markets: The Close.”

“Today’s actions were surgical. We are just making sure we are not wasting a dollar,” Coinbase’s Chief Financial Officer, Alesia Haas, told Bloomberg TV. “If we see that there is going to be further depressed revenue, and if we believe this is going to impact beyond the scenarios we have already ...