• Coinbase Global average operating margin for 2023 was -41.25%, a 74.57% decline from 2022.
• Coinbase Global average operating margin for 2022 was -23.63%, a 155.27% increase from 2021.
• Coinbase Global average operating margin for 2021 was 42.75%, a 33.14% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.