FinTech news in brian armstrong category

Coinbase announced today that it will extend its hiring freeze and revoke accepted offers from some candidates who haven’t started their roles yet. The third-largest crypto exchange by volume, Coinbase began to slow hiring two weeks ago, but this move is more drastic.

Choi noted that headcount growth is a key input in the company’s financial model, and that slowing the rate of hiring is important in ensuring Coinbase can reach the profitability guidance it has set for investors.