Major U.S. cryptocurrency exchange Coinbase Global Inc (NASDAQ:COIN) is doing away with slide decks in product and engineering reviews.
What Happened: Coinbase CEO Brian Armstrong explained that the exchange would be incorporating a number of measures to operate efficiently at scale, in a blog post on Thursday.
These measures include banning slide decks in product reviews, replacing them with a dashboard of metrics, figma products and “most importantly” the product itself.
“Inside growing companies, there’s a danger that product and engineering teams start shipping great slides decks instead of great products,” said Armstrong.
“But our customers never see the slide decks we create. They only see the product.”
As part of its efforts to drive efficiency, the crypto exchange also plans to organize teams into smaller “pods” of under 10 people, get rid of endless meetings and put decision-making in the hands of single individuals.
Price Action: According to data from Benzinga Pro, Coinbase shares traded 0.66% lower during the after-market session.
See Also: Coinbase Phasing Out 'Pro' Exchange: What You Need To Know
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