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Coinbase (COIN) enthusiasm 'may prove short-lived' - Berenberg

June 29, 2023 7:57 AM EDT

Berenberg analyst Mark Palmer told investors in a note Thursday that the enthusiasm for Hold-rated Coinbase (NASDAQ: COIN) shares may prove short-lived.

Palmer notes that the price of Coinbase shares have jumped 31% since June 15, when BlackRock filed an application with the SEC for... More