The standard intermediary said in a report on Wednesday, during the start of the arrow’s coverage, that Coinbase (Coin) established the most coding trading platform in the industry with a local market share of about 66 %.
Benchmark covered Coinbase to classify the purchase and goal of $ 252. The shares were more than 4 % at about $ 198 in early trading.
“Crypto Exchang” provides a comprehensive range of products and services that aim to facilitate the adoption of digital assets and their use by both investors from retail and institutions. “
Al -Waseet pointed out that the stock has almost half since December, and at the current levels, the stock price does not soon reflect to improve the encryption environment.
The report said that the performance of a shortage of arrow may eventually end, as the regulatory clarity is approaching in the United States, especially for Stablecoins, where Coinbase has the skin in the game with its participation in the United States (USDC).
The regulations are coming. Earlier this monthThe House of Representatives Committee joined their Senate counterparts in the progress of a draft law seen by the Public Parliament, thus approaching the stablecoin regulations from reality.
Palmer said: “Since these main pieces of digital asset legislation are enacting in the coming months, there may be a new wave of demand for encryption by an expanded group of institutional investors.”
The report added that the offer of the company’s diverse product is also positive, and Coinbase’s evaluation is scheduled to benefit from the unexpected subscription and services. “
Read more: The Stablecoin Market can grow to $ 2T by the end of 2018: Standard Charted
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