Coinbase could benefit as crypto exchanges brace for regulatory scrutiny, analysts say
The fall of crypto exchange FTX will likely bring regulatory scrutiny with it – and Coinbase may emerge as a winner, analysts say. Though everyone is still making sense of what some are calling "crypto's Lehman Brothers moment," two things are clear: A lack of regulatory oversight helped fuel this latest crisis, and greater scrutiny is coming to crypto exchanges.
” Owen Lau at Oppenheimer lowered his price target on Coinbase shares, due to the expected loss in crypto adoption and trading volume, but he framed it as a challenge that the company will overcome as it continues to set an example for rivals. “We need more crypto companies using COIN's compliant and transparent model,” he said in a note this week. “Longer term, the industry will learn the lesson and move forward.
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