BofA Highlights Coinbase’s (COIN) Expanding Product Offerings and Services

Coinbase Global, Inc. (NASDAQ:COIN) ranks among the hot stocks to invest in right now. BofA Securities reaffirmed its Neutral rating and $369 price target for Coinbase Global, Inc. (NASDAQ:COIN) on September 4. As the biggest platform in the US that complies with regulations, the firm believes Coinbase is in a solid position in the digital assets industry.

BofA Securities emphasized the varied product offerings of Coinbase Global, Inc. (NASDAQ:COIN), which include Base, Payments, Crypto-as-a-service, One Card, and Commerce.

The firm pointed out that more than 240 companies currently use Coinbase’s crypto-as-a-service to support their trading, payment, and custody requirements.

Coinbase Global, Inc. (NASDAQ:COIN) is a financial infrastructure and technology provider serving the global crypto industry.

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Disclosure: None. This article is originally published at Insider Monkey.