TechFlow news, June 24 — According to The Block, Benchmark analyst Mark Palmer raised Coinbase's target price from $301 to $421 and reiterated a "buy" rating. Palmer stated that factors such as the bipartisan stablecoin regulatory bill GENIUS Act passed by the U.S. Senate, Coinbase's newly launched USDC payment platform, and its collaboration with Nodal Clear to use USDC as collateral in U.S. futures markets will support long-term growth for the largest U.S. cryptocurrency exchange. Additionally, Coinbase's MiCA license from the European Union will enable seamless operations across all 27 EU member states. Palmer believes Coinbase is positioning itself at the center of the next phase of regulatory and structural evolution in crypto.
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