Coinbase is pulling the plug on a massive project to upgrade its platform, and it could result in a multi-million dollar loss

After a year of hype and key hires, Coinbase announced Tuesday it has cancelled plans to build a new matching engine in Chicago.

The cancellation of the firm's migration to a matching engine built for Wall Street means 30 employees were laid off this morning, a stunning move given the firm was telling clients it would be ready to launch later this year.

Original source
https://www.theblockcrypto.com/2019/04/23/coinbase-is-pulling-the-plug-on-a-massive-project-to-upgrade-its-platform-and-it-could-result-in-a-multi-million-dollar-loss/?utm_source=rss&utm_medium=rss&utm_campaign=default

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