Bank of America upgrades Coinbase to 'buy' as exchange moves beyond crypto

Bank of America (BofA) has upgraded Coinbase (COIN) to a "buy" rating, pointing to the exchange's growing ambitions beyond crypto trading and its increasingly diversified business model. In a research note published Thursday, BofA analyst Craig Siegenthaler highlighted Coinbase’s pivot toward becoming an “everything exchange” — a single app where users could one day trade stocks, buy crypto, make peer-to-peer payments and even wager on prediction markets. The company detailed some of these plans at a pr ...