Coinbase scraps plans for crypto lending program
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BofA Maintains Neutral on Coinbase (COIN) Following Investor Meetings With CFO, Visibility in Retail Crypto Trading Remains Limited
September 21, 2021 7:25 AM EDTBofA analyst Jason Kupferberg reiterated a Neutral rating and a $273.00 per share price target on Coinbase (NASDAQ: COIN) after investor meetings with the CFO Alesia Hass.
Four key discussion points were 1) broader adoption of services beyond crypto trading, 2) increased regulation, 3) competitive landscape (focus on retail), and 4) long-term prospects for the overall crypto-economy.
In relation to these points, Kupferberg says that COIN has witnessed improving performance when it comes to other products that retail crypto trading, namely staking and earning.
COIN remains very bullish on staking, which... More
