Wall Street

Crypto exchange Coinbase looks to expand footprint in Europe

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Reuters UK

(Reuters) – Cryptocurrency exchange Coinbase Global Inc said on Friday it was looking to expand in some European markets, even as the digital asset market continues to experience a downturn. The company is in the process of expanding in France, Italy, Spain and the Netherlands, it said in a blog post, adding that it was aiming to launch its retail, institutional and developer products in all those markets. In June, Coinbase slashed 1,100 jobs, constituting nearly 18% of its workforce. (Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber)

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