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Jefferies Initiates Coverage of Crypto Exchange Coinbase With ‘Hold’ Rating on Near-Term Concerns

The exchange has staying power due to its healthy balance sheet, a proactive approach to regulatory compliance, sensible risk management and legitimacy as a public company, the report said.

Jefferies rates Coinbase stock a hold. (Marco Bianchetti/Unsplash, modified by CoinDesk)
Jefferies rates Coinbase stock a hold. (Marco Bianchetti/Unsplash, modified by CoinDesk)