Coinbase CEO tells Bloomberg 2022 revenue seen down 50% or more

Coinbase CEO Brian Armstrong said during an interview on Bloomberg’s "David Rubenstein Show: Peer-to-Peer Conversations" when asked about the company’s revenue: "Last year in 2021, we did about $7B of revenue and about $4B of positive EBITDA, and this year with everything coming down, it’s looking, you know, about roughly half that or less." In additional comments provided after the interview, a Coinbase spokesperson clarified that the company expects 2022 revenue to be less than half of 2021 revenue, the news service noted.