TechFlow reported, according to Coindesk, that UK banking giant Barclays has upgraded its rating for Coinbase (COIN) and Robinhood (HOOD) from "underweight" to "equal weight," citing improved business models at both companies.
Barclays analyst Benjamin Budish said both firms have "matured significantly," particularly due to expanded product offerings and improved financial outlooks. Coinbase, in particular, could benefit from a more favorable regulatory environment, given the increasingly friendly stance toward the digital asset industry by both presidential candidates, as well as the approval of multiple spot ETFs.
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