According to BlockBeats, on September 7, Coindesk reported that British banking giant Barclays raised the ratings of Coinbase (COIN) and Robinhood (HOOD) from underweight to equal weight, arguing that the two companies have better business models.
Barclays analyst Benjamin Budish said both companies have “matured significantly,” especially due to expanded products and more positive financial outlooks. Given that both presidential candidates have taken increasingly friendly approaches to the digital asset industry and multiple spot ETFs have been approved, Coinbase in particular could benefit from a more friendly regulatory environment.
