😔 Coinbase shutters high-speed crypto trading division
Coinbase has given the axe to its Chicago-based Coinbase Markets program which worked on market technology such as matching engines. Coinbase is laying off some of the staff and moving others to San Fransico to work with another Coinbase team dealing with similar research. In a statement, Coinbase said taking hits on some failed initiatives is part of the process of becoming the 'Google of crypto.'
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