According to Brian Armstrong, CEO of Coinbase, investor trust has been rattled.
Armstrong’s estimate is in line with analysts’ projections of $3.2 billion.
Coinbase, a major cryptocurrency exchange, expects sales to drop significantly in 2022. According to Brian Armstrong, CEO of Coinbase, investor trust has been rattled. Due to declining prices and the bankruptcy of a competitor exchange, FTX. As a consequence, it’s possible that 2022 revenues may drop by as much as half from 2021 levels.
An already bad year for the cryptocurrency market ended abruptly as the FTX exchange collapsed. Sending investors scrambling as the value of some of the most regularly traded tokens plummeted.
Tough Times Ahead
Coinbase stock has been down over 80% this year. And the company’s revenue in the third quarter is about a fraction of what it was in the fourth quarter of 2021 when Bitcoin was at its all-time high. Moreover, Coinbase has projected that it may lose no more than $500 million in 2022 us
We współpracy z: https://thenewscrypto.com/coinbase-ceo-expects-drastic-fall-in-crypto-sales-this-year/
