(Finance) – Coinbasean online platform for buying, selling and transferring cryptocurrencies, intends to strengthen its presence in Europe. “During market downturns, the temptation may be to avoid international expansion – reads a blog post from the US company – We first entered the UK and EU during the bear market in 2015,” a move that paid off significantly during the bull run over the following years. “
“We are already on the ground in the UK, Ireland and Germany. In addition, we are in the process of expanding to France, Italy, Spain and the Netherlands. In all these markets, our goal is to launch the Coinbase suite of retail, institutional and developer products “, reads the note signed by Nana Murugesan, VP Business Development and International, and Tom Duff Gordon, VP International Policy.
Despite international expansion plans, the period is not easy for the company led by Brian Armstrong. Coinbase in June it cut 1,100 jobs, or about 18% of its workforce.