Cowen Downgrades Coinbase Inventory, Citing Buying and selling Quantity Declines – CoinDesk

“COIN’s month-to-month buying and selling volumes have seen a reasonably constant drawdown every subsequent month since November 2021, and there stays low visibility into both a stabilization or rebound in retail buying and selling volumes over 2023 given the macro backdrop and FTX contagion dangers on crypto asset costs,” they mentioned.

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