Just days after announcing deep job cuts and an artificial-intelligence push, Coinbase Global Inc. showed how tightly its fortunes remain tied to crypto markets.

A spate of AI-tinged job cuts at crypto and payments companies has brought up a curious question for analysts and investors: how does one assess whether the artificial intelligence part is real?

Software shares continue to feel the impact of AI uncertainty, with news coming out about job cuts at PayPal and Coinbase as well as disappointing commercial sales from Palantir. Lauren Webster, managing director in the technology investment banking group at Piper Sandler, discusses the market moves with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)

Crypto exchange Coinbase Global Inc. will cut around 14% of its workforce, citing a need to manage costs in volatile markets and technological advances in artificial intelligence. Around 700 employees will be affected by the changes, with cuts expected to happen mostly in the second quarter, and the company expects to incur as much as $60 million in restructuring expenses. Bloomberg's Paul Gulberg joins Bloomberg Intelligence to discuss. (Source: Bloomberg)

Coinbase Global Inc., the largest US cryptocurrency exchange, said it plans to expand into equity trading and payments in Australia after receiving a financial services license.

Big names in crypto, payments and cloud infrastructure are racing to build the financial plumbing for a world in which AI agents — not humans — handle transactions on the internet.

Coinbase Global Inc. has been aggressively lobbying in Washington to preserve a key revenue stream that in Bloomberg Intelligence’s estimation could multiply as much as sevenfold.

Coinbase Global Inc. has been aggressively lobbying in Washington to preserve a key revenue stream that in Bloomberg Intelligence’s estimation could multiply as much as sevenfold.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Greifeld, Bailey Lipschultz, Carol Massar and Tim Stenovec. (Source: Bloomberg)

Coinbase Global Inc. ripped almost 20% higher on more than double-average trading volume, just a day after posting weak results, a sign that investors had already braced for worse.

Mark Palmer, senior equity research analyst at The Benchmark Company, says Coinbase's fourth-quarter loss shouldn't be surprising on "Bloomberg The Close." He speaks on "Bloomberg The Close." (Source: Bloomberg)

A drumbeat of bearish signals is building across the crypto industry, with Standard Chartered slashing its Bitcoin price target and Coinbase Global Inc. getting cut to sell as momentum traders struggle to push Bitcoin back toward its highs.

A Delaware judge ruled that a shareholder lawsuit alleging insider trading by several directors of Coinbase Global Inc., including venture capitalist Marc Andreessen, can proceed for now after an internal investigation cleared the defendants of wrongdoing.

Lobbying groups and executives representing the banking and crypto industries are planning to meet at the White House on Monday as tempers flare over a contentious piece of digital-asset legislation.

It was a rare White House rebuke to the crypto industry: Don’t take your newfound political muscle in Washington for granted.

Brian Armstrong, Co-Founder & CEO of Coinbase, discusses the Trump-backed crypto bill and the long-term role of digital assets in expanding access to investing worldwide with Bloomberg’s Emily Chang at Bloomberg House in Davos on the sidelines of the 2026 World Economic Forum. (Source: Bloomberg)

"There were surprises in the bill," says Rebecca Rettig, who has been in the room for some of the negotiations as the Senate Banking Committee crafts the crypto market-structure bill. She also serves on the CFTC's Digital Assets Subcommittee. Senate Banking Committee delayed its discussion of the crypto market-structure bill after Coinbase pulled its support for the latest version. Rettig joined the conversation on "Bloomberg Markets" with Scarlet Fu. (Source: Bloomberg)

Coinbase Global Inc. chief executive officer Brian Armstrong roamed the halls of the US Capitol Thursday to assure his company would continue to be able to pay rewards to customers holding stablecoins on its platform.

The unbridled optimism that permeated the crypto industry during Donald Trump’s first year back in power is giving way to angst, after a much-awaited digital-asset bill was delayed in the Senate amid frenzied debate over the treatment of stablecoins.

The Senate Banking Committee has delayed its discussion of the much-anticipated crypto market-structure bill, hours after exchange Coinbase Global Inc. pulled its support for the latest version.