Wall Street analysts are turning against

Coinbase Global

as regulatory and revenue headaches pile up for the cryptocurrency broker. Investors may also want to take a second look, given that the shares have almost doubled in 2023.

Shares are up 97% since the start of January after falling 86% in 2022. The stock has benefited from gains in the price of


and greater willingness among investors to take risks, but the same pressures that sent Coinbase stock plunging last year remain.


Source link