From Investing.com:

Analysts at Goldman Sachs upgraded their rating of Coinbase stock to “Neutral” from “Sell” due to surging digital asset prices, leading to increased trading volumes and retail investor participation. Daily volumes at Coinbase have reached 2021 levels, boosting annual revenues by 48% and core earnings by 114%.

Bitcoin hit a record high this week, driven by capital flows into U.S. spot exchange-traded funds and anticipation of an upcoming halving event. The token has risen over four-fold from a low of $15,000 in November 2022, following the collapse of FTX, surging 150% in 2023.



Read more at Investing.com: Coinbase trading volumes boosted by surge in cryptocurrency prices