According to CoinDesk, British banking giant Barclays has raised the ratings of cryptocurrency exchange Coinbase (COIN) and online brokerage Robinhood (HOOD) from "underweight" to "neutral", citing that the two companies have better business models. Barclays analyst Benjamin Budish believes that both companies have "significantly matured", particularly due to their product expansion and more positive financial outlook.

Barclays' report points out that, given the increasingly friendly stance of both US presidential candidates towards the digital asset industry and the approval of multiple cryptocurrency spot exchange traded funds (ETFs), Coinbase can particularly benefit from a more favorable regulatory environment. The analyst wrote:

Although we still see risks facing Coinbase, we believe that the improved environment, profit and loss situation, gradual and sustained diversification, clear industry leadership position in the United States, and recent stock price performance all point to a more balanced risk/reward, so we have adjusted it to 'neutral'

The report points out that although the cryptocurrency industry has experienced many challenges in the past two years, Coinbase has continued to demonstrate resilience. Budish praised the company for effectively maintaining low costs, especially those related to employees, despite the growth in activities in 2024. He also mentioned the diversification of Coinbase's revenue sources, although most of the revenue still relies mainly on transaction fees and interest income, the exchange has begun to see other areas of business becoming meaningful sources of contribution, including in memory blockchain rewards, custody income, and other transaction fees.

However, analysts warn that although many things about Coinbase seem to be moving in the right direction, there is still uncertainty in the field, including a broader macroeconomic environment and unclear regulation, involving whether several assets belong to securities, and the Securities and Exchange Commission's (SEC) unresolved lawsuit against Coinbase.

The analyst also believes that there is a similar positive development in Robinhood's business model, which may bring about future upside potential. The main factors for his positive stance include new products, Robinhood's expansion in the UK and Europe, and the acquisition of new potential customers from Bitstamp.

Barclays said, "The factors that prompted us to make a downgrade rating are gradually improving, and we now believe that the risk/return ratio of these two stocks is more balanced

(责任编辑：风向标)

• ·个人独资企业如何分配利润
• ·比特儿交易关闭钱怎么办
• ·前贝莱德基金经理爱德华·多德警告称，市场崩溃和衰退即将来临
• ·股票培训网站
• ·bot币今日价格
• ·虚拟货币九大交易平台
• ·奇点3.0大会成功举办：Endless Web3创世云生态扩展的又一里程碑
• ·虚拟币钱包搭建教程
• ·股票业绩排行
• ·比特币期货交易平台
• ·Galaxy Digital计划将传统证券代币化
• ·加密早报：穆迪下调美国信用评级，本周 PYTH、MRS 及 VENOM 等代币将迎来大额解锁
• ·宜人贷满标后会失败吗？会不会不给我放款啊？
• ·虚拟币挖矿怎么赚钱
• ·康宝莱股票代码是多少-康宝莱股票代码是多少号
• ·好期贷黑户能下款吗？我已经被征信拉黑了。