Coinbase beats Q4 earnings estimates amid falling transaction volume

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Coinbase beats Q4 earnings estimates amid falling transaction volume
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Coinbase noted the 'challenging year for crypto markets' in its Q4 2022 results, which saw it beat analyst earnings estimates for the quarter despite a transaction volume decline.

Transaction volumes decreased 12% compared to the prior quarter, however, Coinbase pointed to a 34% increase in subscription and service revenues as the reason for its 5% total revenue growth for the quarter.

Our letter to shareholders can be found on the Investor Relations website at
 

The recent developments in crypto markets have been challenging, but not unprecedented.

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