Coinbase debuted on the public market last April after a watershed year for cryptocurrencies 

The overall value of the world's cryptocurrencies has plunged about 70% to $929 billion, from an all-time high of about $3 trillion in November

Coinbase on Tuesday announced plans to lay off about 18% of the organization's group of workers due to  ongoing uncertain market and Modern marketplace situations.

Coinbase expects to have about 5000 employees after "significantly" completing the cuts by means of the end of this month.

Departing employees will get hold of as a minimum of 14 weeks of severance, four months of health insurance, and process-seek sources,

WatchOS9 will also include new watch faces including an astronomy face and the lunar calender.