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：财富观察)

• ·重读 Penpie 协议机制，被盗影响不该被过分夸大
• ·以太坊投资者清仓3022枚ETH获利147万美元
• ·btm比原链行情
• ·私链交易所
• ·HYPE鲸鱼做空浮亏1880万美元紧急追加保证金
• ·门罗币能挖多少
• ·大多数特朗普加密货币晚宴贵宾已转移或抛售其加密货币
• ·山寨币价格
• ·Farcaster 有哪些值得关注的新动态？
• ·比特元价格
• ·btc期货交易平台大全介绍 十大比特币交易平台盘点
• ·AMA 回顾：市场见顶 or 爆发前夕？2024 年下半年加密走势大揭秘！
• ·挖矿挖的是什么 比特币挖矿挖的是什么
• ·比特币行情速递显示-比特币行情速递显示什么意思
• ·股票股数增加
• ·Alliance 再临毕业季，速览本期 20 个加密初创项目