• Coinbase Global average pre-tax profit margin for 2023 was -44.56%, a 48.78% decline from 2022.
• Coinbase Global average pre-tax profit margin for 2022 was -29.95%, a 170.14% increase from 2021.
• Coinbase Global average pre-tax profit margin for 2021 was 42.7%, a 32.98% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.