Coinbase Trading Volume Drops 43.94% to $870 Million Ranking 78th in Stock Market

On April 29, 2025, Coinbase's trading volume was $870 million, a 43.94% decrease from the previous day, ranking 78th in the day's stock market. Coinbase Global (COIN) rose 0.42%.

Coinbase has announced that it will be laying off 20% of its workforce, which is expected to result in a significant reduction in operating expenses. The company has cited the current economic climate and the need to streamline operations as the primary reasons for this decision. This move is part of a broader strategy to enhance efficiency and focus on core business activities.

Coinbase has also revealed that it will be expanding its services to include a new cryptocurrency trading platform. This platform will offer a range of advanced trading tools and features, aimed at attracting both retail and institutional investors. The company believes that this expansion will help it to capture a larger share of the growing cryptocurrency market.

Additionally, Coinbase has announced that it will be partnering with a major financial institution to offer a new suite of financial products. This partnership is expected to provide Coinbase with access to a broader range of financial services and products, which will help it to better serve its customers and expand its market reach.