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Bank of America Downgrades Crypto Exchange Coinbase to Neutral in FTX Aftermath

The bank had rated the shares at buy. It cut its price target to $50 from $77.

Bank of America has downgraded its rating on crypto exchange Coinbase's stock to neutral from buy. (Unsplash)
Bank of America has downgraded its rating on crypto exchange Coinbase's stock to neutral from buy. (Unsplash)