Coinbase cut costs and bolstered rep, but profits remain challenged: Analysts
Analysts from Moody’s and JPMorgan hailed the exchange for its strong reputation but said it wouldn’t be enough to solve its profitability woes. Cryptocurrency exchange Coinbase won’t escape from the profitability challenges it will face from the crypto market downturn, despite having a strong brand and credibility in the crypto market, according to investment analysts.…
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