In a research report paired with a stock downgrade, Bank of America's interest took a very clear turn from cryptocurrency to blockchain. 🧐
In a research report paired with a stock downgrade, Bank of America's interest took a very clear turn from cryptocurrency to blockchain.
Their problem is not concern for Coinbase's survival, as they said both that it is confident the publicly listed and regulated exchange is not another FTX,And longer term, BoA said, the collapse of FTX, FTX US and trading firm Alameda Research after it lost as much as $8 billion worth of exchange customers' funds trying to hide its own trading losses could well be good for Coinbase long term.
That said, the analysts pointed out that Coinbase isn't immune to the "broader fallout in the crypto market" that includes three potential headwinds:
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