Crypto Exchange Coinbase Loses a Wall Street Bull on FTX Fallout

While BofA is confident that Coinbase is not another FTX, that fact does not “make them immune from the broader fallout within the crypto ecosystem.”The analyst team sees three potential headwinds: Dampened trading activity thanks to weaker confidence in crypto, delayed regulatory clarity, and the possibility that contagion leads to an even wider fallout for the industry.