Coinbase Closing Markets Office in Chicago

According to a report from Fortune on April 23, 2019, the U.S.-based cryptocurrency exchange Coinbase will shut down its Chicago office.

Coinbase will scale back plans for a high-frequency trade matching engine in development there, software that automatically matches trade bids to complete trades at a higher rate. The exchange will also lay off about 30 engineers and transfer others to its San Francisco office.

An unnamed Coinbase spokesperson told Fortune that the closure was due to a...

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