Coinbase says aiming toward improving 2023 adjusted EBITDA

The company states: "We are operating toward a goal of improving full-year 2023 Adjusted EBITDA in absolute dollar terms versus full-year 2022 and believe our recent cost reduction efforts help position us to do so. When Coinbase went public, our goal was to operate at roughly break even across each crypto cycle. We have evolved our approach and are now setting our sights on positioning the company to generate Adjusted EBITDA in all market conditions."