Coinbase Wins Citi Upgrade on Crypto Regulatory Optimism

Coinbase Global Inc. shares soared this year, and the potential for the rally to forge ahead has pushed Citigroup to upgrade the stock. The cryptocurrency trading platform was raised to buy from neutral at Citi in a Tuesday note, as analyst Peter Christiansen said the possibility of a friendlier regulatory environment for the digital asset industry — and Coinbase specifically — has changed his view on the company. Coinbase shares have jumped by 48% this year, adding more than $21 billion in market capitalization, rallying alongside other crypto-linked companies as Bitcoin advanced. Last year, the US SEC sued Coinbase, alleging securities rules violations.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android