Crypto exchange Coinbase looks to expand its European presence


 In this March 4, 2022 illustration, a representation of cryptocurrencies can be seen in front of the Coinbase logo. REUTERS/Dado Ruvic/Illustration/File photo.


July 1 — Crypto exchange Coinbase Global Inc (COIN.O) said on Friday that it plans to expand into some European markets even as the digital asset market continues to slump.


The company is expanding in France, Italy, Spain and the Netherlands, the company said in a blog post, adding that it aims to launch its retail, institutional and developer offerings in all of those markets. (https://bit.ly/3ugNHoa).


In June, Coinbase cut 1,100 jobs, or nearly 18% of its workforce.


💌 Resources and References:

Reuters

Cryptocurrency exchange Coinbase wants to expand its operations in Europe.


Comments

Post a Comment

Popular posts from this blog

Facebook owner Meta announces new virtual reality login system

Image
 A participant wearing a virtual reality (VR) headset at Meta Platforms Inc. on June 16, 2022 at the Viva Technology Innovation and Startup Conference at the Porte de Versailles exhibition center in Paris, France Trying out a VR app at the booth. REUTERS/Benoit Tessier/File photo. July 7 - Meta Platforms Inc (META.O) is changing the way users log into its virtual reality headsets, returning to a previous change of opening an account from the company's flagship Facebook app device while maintaining social connections there the link to. The company will roll out new "meta accounts" starting in August, CEO Mark Zuckerberg said in a Facebook post on Thursday. The social media giant announced plans last year to drop the Facebook login requirement after a backlash from users who previously had separate accounts with Oculus, the virtual reality company Meta, then known as Facebook, acquired in 2014 with access to headsets . With a new login structure, Meta accounts control devic...
Read more

UK regulators probe Microsoft's $68.7 billion deal with Activision

Image
 In this image dated January 18, 2022, the Microsoft logo is seen on a smartphone on top of the Activision Blizzard logo displayed. Reuters/Dado Ruvic/Illustration. July 6 (Reuters) - U.K. antitrust regulators said on Wednesday they were opening up a bid by Microsoft (MSFT.O) to buy Call of Duty maker Activision Blizzard (ATVI.O) for $68.7 billion investigation. Britain's Competition and Markets Authority (CMA) said it had until September 1 to make a first-stage decision on whether a deal between the US tech firm and video game maker Activision would reduce competition in the UK. Lisa Tanzi, Microsoft's corporate vice president and general counsel, said in an interview with Reuters: \"We are committed to answering the questions raised by regulators and ultimately believe that a thorough scrutiny will help close the deal with broad confidence and have an impact on competition. Positive impact.\" emailed statement. \"We anticipate and believe it is appropriate for ...
Read more

Tesla increases spending plans and issues new subpoena in Musk's 2018 tweet

Image
 July 25 (Reuters) - Tesla Inc (TSLA.O) said in a regulatory filing on Monday that it has increased its investment plan by $1 billion, which also includes a joint venture with Chief Executive Elon Second subpoena for private tweets disclosed by Elon Musk. 2018. The company now expects to spend $6 billion to $8 billion this year and the next two years, up from a previous spending plan of $5 billion to $7 billion, to boost output at its new plants in Texas and Berlin. Musk said last month that factories were "losing billions of dollars" as it struggled to ramp up production due to battery shortages and port problems in China. Meanwhile, the latest subpoena from the U.S. Securities and Exchange Commission (SEC), issued on June 13, asks for information on compliance with Musk’s 2018 settlement with regulators. Musk settled a SEC lawsuit over his private tweets by agreeing to have company lawyers pre-approve tweets containing material information about the company. The company sai...
Read more