Analyst Kenneth Worthington said he believes Coinbase has the potential to grow into something that resembles a more traditional financial institution for crypto.
Analyst Rich Repetto points to the exchange's expanding market share in a fast-growing industry.
Oppenheimer analyst Owen Lau said Coinbase stock is likely to be volatile in the near term, but “earnings upside potential is significant.”
As part of a $39.7 million investment in FAT Brands, DBRS Morningstar has for the first time rated securities issued on a blockchain.
Morningstar Credit Ratings is planning a rating system for tokenized debt securities to make the emerging asset class more credible for investors.