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Mizuho Downgrades Crypto Exchange Coinbase to ‘Underperform,’ Cuts Price Target to $30

by Press Release
December 9, 2022
in Market
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Coinbase Cuts Q3 Losses in Half, Sees Crypto Headwinds Continuing Into 2023



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Interest income from Circle’s USD Coin (USDC) has become increasingly important for crypto exchange Coinbase (COIN), accounting for 10%-15% of third quarter revenue, amid deteriorating sentiment and trading volumes, Mizuho said in a research report Friday.



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Tags: CoinbaseCryptoCutsDowngradesExchangeMizuhoPriceTargetUnderperform
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