Coinbase Global Trading Volume Drops to $928 Million Ranking 62nd Amid Global Workforce Cuts and Market Withdrawals

On April 15, 2025, Coinbase Global (COIN) experienced a trading volume of $928 million, ranking 62nd in the day's stock market activity, with a decline of 0.57%.

Coinbase has announced that it will be laying off 20% of its workforce, which is approximately 1,000 employees. This decision comes as the company seeks to reduce costs and streamline operations in response to the challenging market conditions. The layoffs are expected to impact various departments across the company, including engineering, marketing, and customer support.

Coinbase has also revealed that it will be closing its operations in Japan, citing regulatory challenges and a lack of market demand as the primary reasons for the decision. The company will be winding down its operations in the country over the next few months, and employees based in Japan will be offered severance packages and support in finding new employment opportunities.

In addition to the layoffs and closure of operations in Japan, Coinbase has also announced that it will be suspending its operations in India. The company has cited regulatory uncertainty and a lack of clarity on the legal status of cryptocurrencies in the country as the primary reasons for the decision. Coinbase will be winding down its operations in India over the next few months, and employees based in the country will be offered severance packages and support in finding new employment opportunities.

Coinbase has also announced that it will be suspending its operations in Canada. The company has cited regulatory uncertainty and a lack of clarity on the legal status of cryptocurrencies in the country as the primary reasons for the decision. Coinbase will be winding down its operations in Canada over the next few months, and employees based in the country will be offered severance packages and support in finding new employment opportunities.