Popular cryptocurrency exchange, Coinbase are closing down their Chicago operations. The office in Chicago was reportedly set to be planned on hiring as many as 100 people according to reports in May last year. Coinbase, U.S.-based cryptocurrency exchange has announced the closure of it Chicago operations. The report detailed that the exchange are also to start scaling back on its plans to develop a new “matching engine” product to facilitate high-frequency trading for its clients. Local news site Chicago Inno, had previously reported that the opening of the Chicago office in May last year, Coinbase were planning on hiring 100 people over three years, most of whom were going to be engineers. A spokesperson from the company reportedly told Fortune that while the closure of the office is a setback, the exchange will be continuing to hire new employees in other offices. Furthermore, the spokesperson detailed that high-frequency trading is no longer a priority and that the company is focusing on new products. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Could productivity preclude a Fed cut? – TD Securities FX Street 4 years Popular cryptocurrency exchange, Coinbase are closing down their Chicago operations. The office in Chicago was reportedly set to be planned on hiring as many as 100 people according to reports in May last year. Coinbase, U.S.-based cryptocurrency exchange has announced the closure of it Chicago operations. The report detailed that the exchange are also to start scaling back on its plans to develop a new "matching engine" product to facilitate high-frequency trading for its clients. Local news site Chicago Inno, had previously reported that the opening of the Chicago office in May last year, Coinbase were planning on hiring… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
