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：汇率)

• ·领用原材料用于生产产品的会计分录
• ·元宝币钱包不更新-元宝币钱包不更新怎么回事
• ·差额开票及申报如何操作
• ·股票申报价-股票申报价格最小变动单位为0.1元
• ·虚拟货币领域职务犯罪典型案例曝光
• ·BloFin 首席执行官揭示由稳定币驱动的无边界金融未来愿景
• ·TON数字货币价格
• ·今天股票情况
• ·币价预测行情趋势
• ·年终奖多计提了怎么调整
• ·PayFi 协议 PolyFlow 携手 Solana Attestation Service 共建下一代消费者支付网络
• ·什么什么多普勒雷达
• ·2025年区块链去中心化交易所排名前十介绍
• ·CarrieVerse (CVTX) 的购买与交易指南
• ·股票静默期-股票静默期是什么意思
• ·比特币创下历史新高：每日与周收盘价双创新纪录，市场是否将迎来新突破？