• Coinbase Global average ebitda margin for 2023 was -36%, a 71.92% decline from 2022.
• Coinbase Global average ebitda margin for 2022 was -20.94%, a 147.94% increase from 2021.
• Coinbase Global average ebitda margin for 2021 was 43.68%, a 26.5% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.