Cryptocurrency exchange Coinbase Inc. is ending an ambitious effort to win over high-frequency traders, the latest sign that bitcoin companies are having trouble attracting mainstream financial players. As part of the move, Coinbase laid off about 30 people in its Chicago office who had been working to improve the company’s technology to cater to speedy traders, Coinbase President and Chief Operating Officer Asiff Hirji said in an interview. The employees had been hired from local firms like futures exchange giant CME Group...

Source: Wall Street Journal April 23, 2019 19:26 UTC