Coinbase is set to report earnings on May 7.

Coinbase will cut roughly 14% of its workforce, citing a combination of market volatility and the how AI is quickly changing how the company operates.

In a Tuesday X post, CEO Brian Armstrong said the cuts were to "be leaner, faster, and more efficient for our next phase of growth."

Coinbase CEO Brian Armstrong and Airbnb CEO Brian Chesky have both declared that traditional 'pure people managers' will soon be obsolete as AI reshapes workplace structures. Armstrong’s comments came alongside Coinbase’s 14% workforce cut and a shift ...

The partnership includes a strategic investment by Coinbase and is focused on expanding tokenized ETFs, credit, and structured products.

Coinbase (NASDAQ:COIN) stock currently trades around $191, while Wall Street’s average price target sits at $241. That implies an upside of roughly 26% from the current stock price to where analysts think the stock should be trading.

Coinbase stock, Strategy, Robinhood and other companies exposed to cryptocurrency were rising Monday.