Banking giant Barclays said a U.S. judges ruling partially in favor of Ripple is 'incrementally positive' for coinbase stock. HeleneBraunn reports
is “incrementally positive” for crypto exchange Coinbase , British banking giant Barclays said in a research report on Monday.
“We view the ruling as incrementally positive for Coinbase, given the interpretation that in some cases a token may not be a security,” the bank's analysts wrote, keeping COIN’s rating at underweight with a $70 price target."This may also provide incremental clarity for future token issuances.”as it saw few positive drivers for the crypto exchange’s share price in the near term.
The Securities and Exchange Commission recently sued Coinbase on allegations of violating federal securities law, following a similar suit against peer
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