Deutsche Bank has initiated coverage of Coinbase with a Buy rating, projecting a 40% upside with a target price of $340, according to reports. The analysis suggests that Coinbase is expected to see revenue growth from derivatives and stablecoins as it diversifies its offerings beyond traditional spot trading. The development indicates a potential shift in Coinbase's revenue streams, focusing on expanding into new areas within the cryptocurrency market.

Deutsche Bank has initiated coverage of Coinbase with a Buy rating, projecting a 40% upside with a target price of $340, according to reports. The analysis suggests that Coinbase is expected to see revenue growth from derivatives and stablecoins as it diversifies its offerings beyond traditional spot trading. The development indicates a potential shift in Coinbase's revenue streams, focusing on expanding into new areas within the cryptocurrency market.