Coinbase surges 6.0% as company plans another round of layoffs

Open account Download free app

Coinbase (COIN.US) stock jumped more than 6.0% on Tuesday after the cryptocurrency exchange announced plans to lay-off 950 employees or 20.0% of its workforce as part of a restructuring plan. Company laid off 18% of its workforce in June as a sell-off on the crypto market weighed on its shares.

CEO Brian Armstrong pointed to ongoing pressure on digital assets thanks to “unscrupulous actors in the industry,” referring to bankrupt exchange FTX and its founder, Sam Bankman-Fried, at the same believes that "recent events will ultimately end up benefiting Coinbase greatly.

Armstrong emphasized that the company is “well capitalized,” and crypto “isn't going anywhere,” but needs to cut jobs in order to keep the “appropriate operational efficiency.” Coinbase will also shut down several projects, however no further details were provided.

Coinbase (COIN.US) stock fell over 87.0% in 2022 as cryptocurrencies were the worst performing asset class during this time period. Nevertheless, buyers seem to take initiative at the beginning of the new year. Last week price bounced off the all-time low at $31.60 and broke above the downward trendline. Currently the price is testing 100 EMA (purple line) and if bulls manage to break higher, the road towards major resistance at $50.20 will be open. Source: xStation5

13 February 2026, 12:15 PM

Market Wrap: Dollar accelerates before CPI. Mixed earnings from French giants (13.02.2026)

13 February 2026, 9:05 AM

Arista Networks closes 2025 with record results!

12 February 2026, 7:03 PM

Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure

12 February 2026, 4:32 PM

Does the current sell-off signal the end of quantum companies?

Stocks

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days