Investors Should Buy the Dip in Coinbase and Circle, Says William Blair

Coinbase’s (COIN) recent slump is an “air pocket,” not a warning sign, investment bank William Blair said in a report on Monday. The bank reiterated its outperform rating on the stock and urged investors to treat the crypto sell-off as a buying opportunity. Coinbase shares were 2.6% higher in early trading, at $246.53. The report made the same argument for outperform-rated Circle (CRCL), down nearly 80% from its 52-week high even as USDC’s market cap holds firm. With both firms tied to USDC, William Bl ...