Crypto Exchange Coinbase Cuts Backs on Staff, Lets Go “About 15 Workers”

Alan Wass

Leading crypto exchange Coinbase has culled a handful of staff members this week. Reports are emerging that the cutbacks have been made across its customer support team, and other sectors dealing with compliance and fraud.

The story was picked up by Yahoo Finance, but at this moment not all the details are known about the situation, although the news outlet suggests a new executive wanted to centralize its customer service team.

Although Coinbase has apparently confirmed the cutbacks on staff, the number of employees let go by the crypto exchange is yet to confirmed although Yahoo Finance sources claim it is “about 15.” The San Francisco-based cryptocurrency exchange currently offers cryptoasset trading across 32 countries and crypto storage in 190 different nations. Coinbase has 550 employees.

It is believed that most of the released employees were remote workers, but the impact of the news is apparently having a negative effect on other company employees. Yahoo reported that one Coinbase source shed light on the current climate at the company, saying:

“People here are pretty upset about it, and so far senior leadership is handling communications poorly.”

Coinbase IPO Rumors

According to Ran NeuNer, host of the “Crypto Trader” show on CNBC Africa, has been claiming Coinbase is set to go public in the near future. Some commenters have pointed out stuff cutbacks may not be the company’s best move if it is planning an IPO.

The exchange giant has received new funding earlier this month at an $8 billion valuation. Recently, it added Charles Schwab board member Chris Dodds to its board.

The downsizing could simply be removing dead wood in readiness to going public. It will be interesting to hear Coinbase’s take on the matter to clear up the subject with so many people currently speculating on the issue.

Opera Launches Blockchain, Cryptocurrency-Ready Browser for iOS

Opera Ltd., the company behind the Opera browser, has recently launched a new blockchain and cryptocurrency-ready browser for iOS, following the company’s addition of a built-in cryptocurrency wallet to its Android and PC browsers.

According to a press release shared with CryptoGlobe, the company’s Opera Touch browser for iOS features “crypto wallet integration and Web 3 support,” meaning users can interact with blockchain-based applications through it, as if they were using an extension like MetaMask. The company hinted at the move in March of this year.

The company touts it now offers browsers supporting blockchain-based applications and with a built-in cryptocurrency wallet in various operating systems, including Windows, Mac, Linux, Android, and iOS, allowing users to “seamlessly interact with the next generation of Web 3 applications.”

Currently, the browser only supports ERC-20 tokens, stablecoins, and non-fungible tokens, although the company has revealed earlier this year it’s looking to add support for TRON and multiple other blockchains within a  year.

Charles Hamel, Opera’s head of crypto, stated:

We believe that all modern browsers should integrate a crypto wallet. This will enable new business models to emerge on the web. Opera is the first browser to make using crypto on the Web seamless and easy. Following a strong demand from the crypto-community, we are now making this experience available on iOS.

In the press release the company added it believes the “web of today will be the interface to the decentralized web of tomorrow,” with cryptocurrencies being at its forefront. Along with the iOS release, the company announced it partnered with a decentralized-application (dApp) called Marble.Cards, which allows users to turn unique web pages into collectible cards on the blockchain, each being a non-fungible token.

The Opera touch browser itself has a user interface built to let users use large phone screens with ease, as it shifts the navigation towards the bottom of the screen and adds features that make it easy to share pages across devices.

Opera’s main Android browser is also its cryptocurrency-ready browser for the operating system, and it has made it easier for users to buy cryptocurrencies directly from their mobile phones.