Deutsche Bank predicts 40% surge for tumbling crypto stock

Even though large banking institutions are generally wary of the stock market interacting with the crypto ecosystem, there is one major bank that is bullish on a popular crypto stock even when it is sinking amid the market crash. Deutsche Bank, the multinational investment bank and financial services company headquartered in Frankfurt, Germany, has initiated coverage of Coinbase (Nasdaq: COIN) and boosted the sinking stock's price target by nearly 40%. Related: Coinbase launches moisturizer for 'diamond ...