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TechFlow news, January 8 — According to CNBC, Bank of America upgraded Coinbase's rating, expressing optimism about its strategic move toward becoming a "full-service exchange." Analysts believe Coinbase is actively expanding its business scope, transforming from a standalone cryptocurrency trading platform into an exchange offering comprehensive financial services, a strategic shift expected to bring new growth opportunities for the company.
According to CNBC, Bank of America upgraded Coinbase's rating, citing optimism about its strategic push to transform into a "one-stop" exchange. Analysts believe Coinbase is actively expanding its business scope, shifting from a standalone cryptocurrency trading platform to a comprehensive financial services exchange, and this strategic shift could bring new growth opportunities for the company.
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