ChainCatcher reported that according to Coindesk, British banking giant Barclays raised the ratings of Coinbase (COIN) and Robinhood (HOOD) from underweight to equal weight, arguing that the two companies have better business models.
Barclays analyst Benjamin Budish said both companies have “matured significantly,” especially due to expanded product offerings and a more positive financial outlook. Given that both presidential candidates have taken an increasingly friendly stance toward the digital asset industry and that multiple spot ETFs have been approved, Coinbase in particular could benefit from a friendlier regulatory environment.
