How do you make that big of a loss just running a matching engine and a bit of r...

pclmulqdq · on Dec 17, 2022

Hiring a ton of silicon valley employees to make it really inefficient.

Seriously, though, the NASDAQ matching engine runs on a 1U server, and I doubt coinbase needs anywhere near that amount of processing power. Clouds just make it really hard to run a fair matching engine.

coffeebeqn · on Dec 17, 2022

They had almost 5000(!) employees before the layoffs. I honestly can’t fathom what 90% do day to day