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You Won't Believe What Coinbase's CEO Said

You Won't Believe What Coinbase's CEO Said

After closing at an all-time high price of $357.39 in November last year, shares of leading U.S. cryptocurrency brokerage and exchange business Coinbase Global (NASDAQ: COIN) have plunged 82%. "I'd like to get to a place where more than 50% of our revenue is subscription and services," Armstrong said during a recent CNBC interview. In the second quarter, Coinbase's subscription and services revenue was $147.4 million.