Bank of America upgrades Coinbase to 'buy' as exchange moves beyond crypto
Bank of America has upgraded Coinbase's stock rating to 'buy', citing the exchange's successful diversification beyond cryptocurrency trading. The bank highlighted Coinbase's growth in areas such as subscription services and institutional trading, which are expected to drive revenue. Analysts believe that these developments position Coinbase favorably in a changing market landscape. The upgrade reflects confidence in Coinbase's ability to adapt and thrive despite the volatility in the crypto sector.
Read the full article: CoinDesk