Source: CryptoNewsNet
Original Title: Bank of America upgrades Coinbase to ‘buy’ as exchange moves beyond crypto
Original Link: https://cryptonews.net/news/market/32248337/
Bank of America (BofA) has upgraded Coinbase (COIN) to a “buy” rating, pointing to the exchange’s growing ambitions beyond crypto trading and its increasingly diversified business model.
In a research note published Thursday, BofA analyst Craig Siegenthaler highlighted Coinbase’s pivot toward becoming an “everything exchange” — a single app where users could one day trade stocks, buy crypto, make peer-to-peer payments and even wager on prediction markets.
The company detailed some of these plans at a product showcase in December, where it announced upcoming features including 24/5 stock and ETF trading for S&P 500 names, equity perpetuals launching internationally in 2026 and a new tab for prediction markets through its partnership with Kalshi, a CFTC-regulated exchange.
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Bank of America Upgrades Major Exchange to 'Buy' as Platform Expands Beyond Crypto Trading
Source: CryptoNewsNet Original Title: Bank of America upgrades Coinbase to ‘buy’ as exchange moves beyond crypto Original Link: https://cryptonews.net/news/market/32248337/ Bank of America (BofA) has upgraded Coinbase (COIN) to a “buy” rating, pointing to the exchange’s growing ambitions beyond crypto trading and its increasingly diversified business model.
In a research note published Thursday, BofA analyst Craig Siegenthaler highlighted Coinbase’s pivot toward becoming an “everything exchange” — a single app where users could one day trade stocks, buy crypto, make peer-to-peer payments and even wager on prediction markets.
The company detailed some of these plans at a product showcase in December, where it announced upcoming features including 24/5 stock and ETF trading for S&P 500 names, equity perpetuals launching internationally in 2026 and a new tab for prediction markets through its partnership with Kalshi, a CFTC-regulated exchange.