Jefferies Initiates Coverage of Crypto Exchange Coinbase With ‘Hold’ Rating on Near-Term Concerns

Coinbase will be “acutely pressured in the near term” as its retail customer base trades less frequently in the bear market, but the company has staying power due to its healthy balance sheet with over $5 billion in cash, it’s proactive approach to regulatory compliance, prudent risk management and its legitimacy as a publicly listed and audited company, the note said.

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• Source: https://www.coindesk.com/markets/2023/01/09/jefferies-initiates-coverage-of-crypto-exchange-coinbase-with-hold-rating/?utm_medium=referral&utm_source=rss&utm_campaign=headlines