Oppenheimer
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Oppenheimer downgraded Coinbase stock due to receiving a Wells notification from the US SEC
According to reports, Oppenheimer, an investment bank and broker-dealer, downgraded Coinbase’s stock rating, citing an unhealthy regulatory environment after Coinbase received the Wells Notice from the Securities and Exchange Commission. Interpretation of this information: Coinbase, a leading US cryptocurrency exchange platform, has been facing regulatory scrutiny in recent months. The Securities and Exchange Commission (SEC) indicated that it may sue Coinbase over its upcoming product, Lend, which would allow customers to earn interest on their crypto holdings. Coinbase received a Wells Notice from the SEC, which means it will be…
