Monday, June 24, 2024

Coinbase CEO Armstrong Confirms Avenue Expectations for a 50%-Plus Decline in Income in 2022

by Jeremy

“Final 12 months in 2021 we did about $7 billion of income and about $4 billion of optimistic EBITDA, and this 12 months with every little thing coming down it’s wanting, you already know, about roughly half that or much less,” Armstrong stated in an interview on Bloomberg’s “David Rubenstein Present: Peer-to-Peer Conversations.” Coinbase truly generated $7.8 billion in income in 2022, in line with FactSet.

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