BofA upgrades Coinbase after pullback, says crypto adoption still in ‘early innings’
The bank also pointed to infrastructure revenue, including Base and derivatives, as emerging buffers against trading volatility.
The bank also pointed to infrastructure revenue, including Base and derivatives, as emerging buffers against trading volatiliy.
From the Crypto Managers Perspective: From our perspective the bank emphasized that infrastructure revenue including Base and derivatives is increasingly acting as a buffer against trading volatility. In response to our question management said these businesses are providing more stable and recurring income streams which help offset fluctuations in more cyclical trading activity.
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