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Updated Coinbase Slashes Jobs, Bets on AI and New Products as Crypto Slump Bites
Crypto exchanges are shrinking their old business to build AI- and derivatives-led revenue engines.
What is this trend?
Crypto platforms are cutting costs and broadening product lines as weak trading volumes expose how fragile fee-heavy exchange models can be.
- Spot trading weakness is forcing exchanges to rethink dependence on transaction fees.
- Layoffs and automation are being used to protect margins in a lower-volume market.
- Derivatives, prediction markets and other products are becoming core growth bets.
- AI is moving from a back-office tool to a way to reshape operations and user offerings.
- The shift points to a structural reset in crypto business models, not just a cyclical slump.
What’s the latest?
As spot trading stumbles, Gemini and Coinbase are turbocharging AI and derivatives to reinvent their business models and survive the crypto shakeout.
How it developed earlier updates
Coinbase is slashing 14% of its workforce and doubling down on AI and new products after a brutal crypto slump hammered its revenue and sent losses soaring.
Coinbase Slashes Jobs, Bets on AI and New Products as Crypto Slump Bites
Where this is playing out
Functions