The CEO of Coinbase says the exchange will see revenue plunge at least 50% in 2022 as turmoil weighs on crypto markets

Dec 8 2022 by Business Insider

 
Coinbase announced last week that it plans to rescind job offers and freeze hiring indefinitely.

Sopa Images/Getty Images

Coinbase CEO Brian Armstrong expects the company's revenue to dive at least 50% in 2022. The crypto exchange cut 18% of its staff earlier this year, slashing roughly 1,200 roles. Coinbase stock edged up on Thursday but is down 82% year-to-date.

Coinbase CEO officer Brian Armstrong expects the crypto exchange's revenue to plunge at least 50% this year as digital assets...

Continue Reading The CEO of Coinbase says the exchange will see revenue plunge at least 50% in 2022 as turmoil weighs on crypto markets