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Coinbase Renews Overseas Expansion Plan After Cutting US Staff

  • Crypto exchange hunts for new users and sales amid downturn
  • Business recently cut more than 1,000 staff in clampdown

Coinbase Global Inc. is turning abroad to fuel growth in new users and revenue, reviving an international push after laying off more than 1,000 of its predominantly US workforce.

The San Francisco-based cryptocurrency exchange is focused on building up its presence in Europe and is in the process of registering in markets including Italy, Spain, France and the Netherlands, Nana Murugesan, Coinbase’s vice president of business development and international, said in an interview from London.