Coinbase CEO says trading revenue has fallen to ‘roughly half’ what it was last year By Cointelegraph
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© Reuters Coinbase (NASDAQ:) CEO Brian Armstrong has revealed that the exchange’s trading revenue has declined by approximately 50% or more when compared with last year, according to a Dec. 7 report from Bloomberg.
Armstrong made the statement as part of an interview with the David Rubenstein Show. When asked about the exchange’s revenue, he stated that the company did $7 billion in revenue and $4 billion in earnings in 2021, but “it’s looking, you know, about roughly half that or less” in 2022.
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© Reuters Coinbase (NASDAQ:) CEO Brian Armstrong has revealed that the exchange’s trading revenue has declined by approximately 50% or more when compared with last year, according to a Dec. 7 report from Bloomberg.
Armstrong made the statement as part of an interview with the David Rubenstein Show. When asked about the exchange’s revenue, he stated that the company did $7 billion in revenue and $4 billion in earnings in 2021, but “it’s looking, you know, about roughly half that or less” in 2022.
Continue Reading on Coin Telegraph
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