The CEO of Coinbase, Brian Armstrong, has revealed that the exchange’s trading revenue has declined by approximately 50% or more when compared to last year, according to a Dec. 7 report from Bloomberg.
Bloomberg said that a spokesperson for Coinbase later clarified that 2022 revenue, not earnings, was projected to be less than half what it was in 2021.in a letter to investors that it expected to post a roughly $500 million loss in adjusted EBITDA for 2022. Adjusted EBITDA is an earnings metric that doesn’t include interest, taxes, depreciation or amortization.will hurt the crypto industry.
Source: Digital Coin News (digitalcoinnews.net)
Bitcoin halving ⏳ Coinbase halving ✅
The golden days like a year ago 😆 good times, kids these days have no idea
Scam coins facked it up mostly to many thousands of smaller people talking shit because if it. Was it all BNB ? Just asking
Nobody buys when it's low. Y'all should know that by now.
Get it first: INX_Group
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase CEO expects revenue to plunge over 50% on battered crypto prices - tweetCoinbase Global Inc's revenue is set to reduce by half this year, the cryptocurrency exchange tweeted on Wednesday, as digital assets reel from a sector-wide rout worsened by a string of high-profile collapses that shattered investor confidence. “Coinbase CEO expects revenue to plunge over 50% on battered crypto prices ” Frankly, I’m surprised that it isn’t zero.
Source: Reuters - 🏆 2. / 97 Read more »
Coinbase CEO Armstrong Confirms Street Expectations for a 50%-Plus Decline in Revenue in 2022.Coinbase CEO Brian Armstrong confirmed analysts’ expectations that the crypto exchange’s revenue will decline by 50% or more in 2022 compared to last year. HeleneBraunn reports coinbase HeleneBraunn Breaking News coinbase HeleneBraunn Let's try 76.5% coinbase HeleneBraunn Won't be long
Source: CoinDesk - 🏆 291. / 63 Read more »
Coinbase sees 'regulatory guardrails’ needed for crypto confidence boostThe UK should bolster regulation on crypto to increase confidence post-FTX, according to Tom Duff Gordon, vice president on international policy at Coinbase.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Employees say Neuralink’s ‘hack job’ testing has killed roughly 1,500 animals since 2018Despite Elon Musk's claims to the contrary, a striking new investigation alleges animal abuse stemming from a frantic work environment. Awe look at y'all riding the hate Elon bandwagon. How cute. elonmusk here come some more hit pieces. When Neuralink is changing lives for the better, do they delete this tweet and ride the new train?
Source: PopSci - 🏆 298. / 63 Read more »
Coinbase slips 7%, Silvergate sinks over 4% as equities have another down dayCrypto stocks sank in line with equities today. Crypto prices continued to tread water on Tuesday, with bitcoin around $17,000 and ether over $1,200. I don’t believe Coinbase is going anywhere! I’m loading up on Coin when the market opens up tomorrow… 🚀🚀🚀 I don’t believe Coinbase is going anywhere! I’m loading up on Coin when the market opens up tomorrow… 🚀🚀🚀
Source: TheBlock__ - 🏆 464. / 53 Read more »
Elrond (MultiversX) Lists on Top US Exchange Coinbase: DetailsCoinbase announces Elrond (MultiversX) listing EGLD Crypto Blockchain MultiversX $EGLD
Source: Utoday_en - 🏆 295. / 63 Read more »