Coinbase CFO Sees Risk of ‘Sustained’ Revenue Hit in Crypto Rout
- US’s biggest crypto exchange is preparing for worse in 2023
- Coinbase’s third-quarter revenues missed analyst estimates
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Coinbase Global Inc., the biggest exchange for cryptocurrencies, doesn’t expect the industry to rebound swiftly from the trading slump that’s battered its revenue.
“We are preparing for 2023 with a more conservative bias with more headwinds,” Alesia Haas, Coinbase’s chief financial officer, said in an interview. “We are preparing and we are developing plans that we will be more conservative next year. These headwinds could persist or possibly intensify.”