.coinbase intends to continue its European expansion in spite of the massive market correction
One of the world’s leading crypto trading platforms claims that he wants to venture into the Netherlands, Spain, Italy, and France., Coinbase announced its plan to fire 1,100 employees . Earlier this week, Goldman Sachs downgraded the Coinbase stock, slashing its price target to just $45. The American banking behemoth predicted that the largest U.S. exchange would have to fire even more employees in order to adjust to the new reality.As reported by U.
However, Coinbase claims that the crypto winter will not hinder its expansion in Europe. In fact, the company made a foray into the UK back in 2015 despite the fact that Bitcoin was in the middle of a brutal bear market. Such a move ended up paying off in the following years when cryptocurrency prices started to rise again.
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