Coinbase Cuts Q3 Losses in Half, Sees Crypto Headwinds Continuing Into 2023

For 2022, Coinbase said it remains “cautiously optimistic” that it will operate within the $500 million adjusted EBITDA loss guardrail that it previously shared, based on the assumption that crypto prices do not deteriorate significantly and that customer behaviors don’t change. “For 2023, weโ€™re preparing with a conservative bias and assuming that the current macroeconomic headwinds will persist and possibly intensify,” Coinbase concluded.

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