Bank of America Upgrades Coinbase Stock Amid Crypto Adoption Growth
Bank of America has upgraded Coinbase, citing the continued adoption of cryptocurrency. According to reports, the upgrade comes after a pullback. The bank highlighted infrastructure revenue, including Base and derivatives, as potential buffers against trading volatility. The upgrade suggests a positive outlook on Coinbase's future, despite market fluctuations, based on the growth of crypto adoption and diversification of revenue streams.
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