Irish arm of crypto trading platform Coinbase sees profits drop over 60%

Coinbase Ireland Ltd posted a turnover of €29.5m during 2023 — down nearly 68% from the €91.6m recorded in 2022

Coinbase first opened its offices in Dublin in 2018 and in October last year it chose Ireland as its main regulatory and operational hub within the EU. Picture: Michael Nagle/Bloomberg

The Irish arm of the cryptocurrency trading platform Coinbase has seen profits and turnover drop substantially during 2023, the company's latest financial statement shows. 

Coinbase is an US cryptocurrency exchange where people can buy, sell, and store crypto assets.