Coinbase's highly liquid balance sheet and lack of proprietary trading activities shield the Nasdaq-listed exchange from ramifications from FTX's collapse, Goldman Sachs said. By godbole17
The U.S.-based cryptocurrency exchange Coinbase is sufficiently insulated from the fallout of the FTX collapse, Goldman Sachs said on Friday.
The Wall Street giant also sees FTX's collapse having a limited impact on trading and investing app Robinhood, as crypto related revenues accounted for just 9% of the platform's total revenue. Goldman analysts revised the 12-month price target for Robinhood's stock from $13 to $12.50.
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