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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
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0 commentsIn 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…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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