The latest COIN stock news has sent ripples through the cryptocurrency community. The company has announced a major restructuring, with 18% of its full-time staff set to be laid off. The move will affect around 1,100 people. The company’s stock fell 5.4% in response to the news. Previously, the company employed around 5,000 full-time employees.
The news isn’t all bad. The company recently expanded its crypto offerings with the launch of Robinhood Markets. In addition, shares of Coinbase Global Inc. (COIN) rose by more than 12%. The company has been gaining popularity in Africa, as many of its citizens are taking a plunge in the crypto space. In addition to the latest developments, Bitcoin volatility has fallen to its lowest level since July 2020. On the other hand, recent volatility in the British pound is encouraging for traders.
Another interesting tool to track the cryptocurrency market is SwaggyTerminal, which is like the Blomberg Terminal for cryptocurrency stocks. Its social intelligence platform tracks market trends from message boards. Its cryptocurrency tracker features a key terms list. It displays the most commonly used keywords associated with COIN, which are updated hourly. It also features unbiased research on the business model of the company, its valuation, and its potential for growth.
Despite the positive impact of the market, the company has also been hit by negative news. Earlier this year, Coinbase’s CEO Brian Armstrong said that the company would cease trading in Ethereum Classic after the purchase of Neutrino, a “blockchain intelligence platform” with ties to a hacking team accused of providing internet monitoring technologies to countries with horrible human rights records.
