COIN is trading at $211.16 (+4.0%) following the announcement of a restructuring plan to cut approximately 700 jobs to optimize for the AI era.
- The 14% workforce reduction outpaces the broader market uptrend (Nasdaq +0.59%) and modest crypto gains, with BTC up 1.11% and ETH up 1.00% since the previous close.
- Pre-market volume remains low with wider spreads typical of extended hours.