In its third round of layoffs since last year, Coinbase Global Inc. said on Tuesday that it would cut its workforce by around 950 workers as part of a reorganisation strategy, reported Reuters.

More layoffs in the crypto world: Coinbase to cut almost 1,000 jobs

Coinbase was founded in 2012 as a platform for people and businesses to send and receive Bitcoin.

Coinbase makes its historic Nasdaq debut

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More layoffs in the crypto world: Coinbase to cut almost 1,000 jobs

Coinbase makes its historic Nasdaq debut