JPMorgan Cuts Coinbase to Neutral With $68 Price Target; Shares Slump

JPMorgan Cuts Coinbase to Neutral With $68 Price Target; Shares Slump


Coinbase has significantly increased the pace of investment in recent quarters, hiring 3,200 staff over the last year, with 1,200 hired in the first quarter alone, the note said. This is a huge amount of recruitment for the exchange, which now has around 5,000 employees, the note added.

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