Coinbase

“We appear to be entering a recession after a 10+ year economic boom,” Armstrong says. “While it's hard to predict the economy or the markets, we always plan ...

For employees and investors, the COO likened it to Amazon or Tesla: a long-term investment with volatility in the meantime. "We will always encourage our employees to share feedback internally on how we operate as a company — and we have a number of mechanisms in place for them to do so. "We think that anyone who makes an investment, whether they're an employee or investor, will have a handsome return over the longer term," Choi said. Coinbase employees will have access to a talent hub to find new jobs in the industry, including Coinbase Ventures' portfolio companies. A recession could lead to another crypto winter, and could last for an extended period," Armstrong said in the email, adding that past crypto winters have resulted in a significant decline in trading activity. The company offers annual grants, partially so employees could "mitigate the swings" and volatility in crypto. The company has lived through multiple bear markets in crypto before, also known as "crypto winters." If so, the memo was sent to a personal email as Coinbase cut off access to the company systems. Armstrong called it the "only practical choice" given the number of employees with access to customer information, and a way to "ensure not even a single person made a rash decision that harmed the business or themselves." - "We appear to be entering a recession after a 10+ year economic boom," Armstrong says. He also said the company grew "too quickly" during a bull market. The news comes during a deep rout for Coinbase shares.