Community Articles
via Decrypt · By Decrypt Editorial
Sell Coinbase Before Derivatives Squeeze Crypto Giant, Says Compass Point
DE
Decrypt Editorial(06:21 PM UTC)
1 min read
In brief
- Compass Point analysts reiterated a bearish $140 price target for Coinbase, warning of fierce competition in the derivatives space.
- While Coinbase secured regulatory relief to offer offshore perpetual futures via its Deribit subsidiary, Kalshi and Binance’s potential heightens risks.
- Despite pulling in $50 million in first-quarter revenue from perpetual futures, Compass Point flagged…
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on GoogleComments
Comments
Other Community Articles