Bank of America Upgrades Coinbase to 'Buy' on Base Prospects, Tokenization Tailwinds
Bank of America has upgraded Coinbase's stock rating to 'Buy', citing positive prospects for the company's Base layer-2 network and the growing trend of tokenization in the crypto market. The bank believes that Base could enhance user engagement and drive transaction volumes on the platform. Additionally, the report highlights the potential for tokenization to create new revenue streams for Coinbase. This upgrade reflects a broader optimism about the future of cryptocurrency and its applications in various sectors.
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