Crypto Coinbase is struggling in winter.

Coinbase reduces hiring. Coinbase CPO L.J.

Brock revealed that Coinbase is pausing recruiting and rescinding employment offers previously accepted by potential employees

The adjustment comes as the cryptocurrency market continues to go south, pulling stablecoins with it.

Coinbase began slowing recruiting in mid-May to ensure "success through and beyond the current slowdown," but this decision halts hiring entirely.

Brock said the freeze will also effect backfills, or replacement staff.

According to Dune Analytics data seen by The Motley Fool, 4,132 individuals bought an NFT on the site within 19 days of its inception

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