Coinbase Stock

<ul><li>Coinbase CEO expects company revenue to drop more than 50%.</li><li>Analysts expected Coinbase revenue to be as low as $3.3 billion</li><li>Coinbase share prices dropped by 80%.</li></ul><a href="https://coinedition.com/tag/coinbase-news/" rel="noopener noreferrer nofollow">Coinbase</a>, one of the most prominent cryptocurrency exchanges, expects a dramatic drop in revenue in 2022. According to Coinbase CEO Brian Armstrong, investors’ faith has been rattled due to plunging prices and the demise of competitor exchange FTX. As a result, it is possible that revenues could drop by as much as 50% from 2021 levels.“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.<a href="https://coinedition.com/coinbase-to-witness-50-drop-in-yearly-revenue-according-to-ceo/" rel="noopener noreferrer nofollow">See original on CoinEdition</a>

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

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