Coinbase beats revenue expectations, but will its struggles end anytime soon?

• Last week, Coinbase reported its Q4'22 results – while the exchange has been experiencing a period of financial hardships, it continues to pivot to subscriptions and generate income through charging fees on transactions.
• The subscription and service revenues grew 34% to $283 million, accounting for almost 50% of overall revenue for the quarter -- keeping the company afloat.