The cryptocurrency exchange Coinbase has curbed a plan to triple the number of its employees this year in response to turbulent market conditions. From the report: Emily Choi, president and chief operating officer of Coinbase, said in a blog post Tuesday that the firm will slow down hiring to “rearrange the priority of our hiring needs over our top-priority business goals”. The note was circulated to employees earlier. “This year we planned to triple the size of the company. Given the current market conditions, we consider it reasonable to slow down hiring and reassess our staffing needs in line with our highest priority business goals,” she said. “Staff growth is a key contribution to our financial model and is an important action to ensure that we manage our business according to the scenarios we have planned, in particular the potentially adjusted Ebitda we seek to manage.”

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