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：市场数据)

• ·Uniswap 第一季度营收 1.4 亿美元，承诺提供 1240 万美元新拨款
• ·旧钱币怎么翻新 旧钱币怎么翻新视频
• ·什么是分布式账本技术？DLT和区块链有什么区别？
• ·开普币钱包-开普币是合法的吗
• ·火币HTX 8月战报出炉：11周年特别企划燃爆8月，全新征程蓄势待发
• ·10月31日格林创新成长混合C净值增长0.76%，近3个月累计上涨27.9%
• ·REZ币发行总量详细介绍
• ·slp什么币
• ·个人所得税补税金额什么意思
• ·10月31日广发鑫益混合净值下跌0.55%，近1个月累计上涨7.03%
• ·指数型基金和股票型基金的区别
• ·保险中的乘客险是什么意思？购买乘客险需要注意什么？
• ·USD1 点燃币安 summer：一场特朗普背书下的加密盛宴
• ·DDM币会涨多少
• ·比特币行情玩币-比特币最新玩法
• ·比特币交易收费多少