Coinbase cut to Hold at Argus on crypto volatility, expenses, valuation (COIN:NASDAQ)

Group 1 - Argus Research has downgraded Coinbase Global's rating from Buy to Hold due to crypto-market volatility [4] - The downgrade is also attributed to an increase in expenses and a high valuation of the company [4] - Despite the downgrade, Coinbase delivered impressive results in its recent performance [4]