Coinbase CEO Brian Armstrong Warns Of A Long Crypto Winter

Coinbase CEO Brian Armstrong warns this crypto winter could last another 18 months.

In an interview with CNBC, Coinbase CEO Brian Armstrong revealed that they are preparing for a very long crypto winter.

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Brain Armstrong said he hopes the crypto winter will be over in 12 to 18 months following a nice recovery.

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However, the largest US crypto exchange is preparing for a longer downturn.

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Coinbase CEO assured that they are prepared for this winter and they have already endured 4 crypto downturns in the last 10 years.

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The CEO also revealed the exchange will focus on“subscription and services” to bring more consistency to the company’s financials.

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Currently, subscriptions and services make up 18% of the company’s revenue, Armstrong said.

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Coinbase had earlier announced a major partnership with the world’s largest asset manager BlackRock.

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