The exchange has seen fundamental benefits from “increasing price on the simple trading platform, while maintaining market share, a renewed commitment to greater expense control and profitability in all market environments and tailwinds from higher interest rates as a result of COIN’s 50% revenue share of the interest income earned on USDC reserve balances,” the report added.

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• Source: https://www.coindesk.com/markets/2024/03/08/coinbase-upgraded-to-neutral-as-goldman-sachs-ends-bearish-stance/?utm_medium=referral&utm_source=rss&utm_campaign=headlines