Cointelegraph••1 min read
Coinbase Receives Second 'Buy' Rating This Week Amid Onchain Expansion
The Signal TakeBullish
Coinbase has received its second 'buy' rating in a week, this time from Bank of America. The upgrade is reportedly due to reversing short interest and tax-loss harvesting. Simultaneously, Coinbase is expanding its focus to bring the financial system onchain, according to reports. The development suggests a positive outlook for the cryptocurrency exchange as it navigates market dynamics and explores new technological avenues.
📱
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.
Related News
Benchmark says SEC’s NMS proposal is the ‘most consequential’ US crypto rule this year
The Block•1h ago
‘Let’s just put it in an ETF’ is the worst outcome for bitcoin, says Trezor exec
The Block•1h ago
‘Crypto spring’ is here, says one analyst after bitcoin's key signals turn bullish - CoinDesk
Apify/CoinDesk•2h ago
Markets cheer U.S.-Iran Breakthrough though Middle East risks, Fed remain in focus
CoinDesk•4h ago