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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 and rebuilding around AI, derivatives, and new fee streams.
What is this trend?
A crypto-industry pivot away from spot-trading dependence is pushing exchanges to cut costs, automate with AI, and broaden revenue to survive thinner markets.
- Trading-volume weakness is exposing how fragile exchange revenue can be when spot activity cools.
- Layoffs and cost cuts are becoming a structural response, not just a short-term downturn tactic.
- AI is being used to automate operations and lower overhead while also powering new user-facing tools.
- Derivatives, prediction markets, and other products are emerging as the main hedge against fee compression.
- The shift signals a broader reset in crypto business models toward diversification and efficiency.
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