Posted 2/15/2024, 9:33:28 PM
Coinbase Meets 2023 Goals Despite Volatility, Grows Revenue to $3.1B
- Reported $95 million net income and nearly $1 billion Adjusted EBITDA for 2023, meeting financial goals despite market volatility
- Total revenue was $3.1 billion, with 78% growth in subscription and services revenue
- Strengthened balance sheet with $5.7 billion in resources and 12% debt reduction
- Launched new products like Coinbase International Exchange and derivatives trading
- Made progress on regulatory advocacy, with 83% of G20 advancing crypto regulation