Coinbase to Witness 50% Drop in Yearly Revenue According to CE

• Coinbase CEO expects company revenue to drop more than 50%.
• Analysts expected Coinbase revenue to be as low as $3.3 billion
• Coinbase share prices dropped by 80%.

“Last year in 2021, we did about $7 billion of revenue and about $4 billion of positive EBITDA, and this year with everything coming down, it’s looking, you know, about roughly half that or less,” Armstrong said in an interview.

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