Coinbase Trading Volume Ranks 10th Amidst Workforce Reduction and Market Exit

On July 11, 2025, Coinbase Global (COIN) experienced a trading volume of $6.4 billion, ranking 10th in the day's stock market activity, with a decline of 0.49%.

Coinbase has announced that it will be laying off 20% of its workforce, which is approximately 1,100 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 be completed by the end of the month, and affected employees will receive severance packages and other support.

Coinbase has also revealed that it will be closing its operations in Japan. The decision to exit the Japanese market is part of the company's broader strategy to focus on more profitable regions and reduce operational costs. The closure is expected to be completed by the end of the year, and the company will provide support to its Japanese customers during the transition period.

Coinbase has announced that it will be launching a new product called Coinbase One, which is a subscription service that provides users with access to a range of premium features and benefits. The service will be available to users in the United States and will cost $29.99 per month. Coinbase One will include features such as priority customer support, advanced security features, and exclusive access to new products and services.