Coinbase CEO expects revenue to plunge over 50%

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© Reuters. FILE PHOTO: A representation of cryptocurrency is seen in front of Coinbase logo in this illustration taken March 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

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(Reuters) – Cryptocurrency exchange Coinbase (NASDAQ:) Global Inc revenue is set to reduce to half this year, Bloomberg News reported, citing an interview with chief executive officer Brian Armstrong.

Coinbase did not immediately respond to a Reuters request for comment.

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