Bank of America Downgrades Coinbase Amid FTX Train Wreck, Citing 'Contagion Risk'

Things continue to look bad for the blockchain. Bank of America (BofA) analysts have downgraded Coinbase's stock, citing the "fallout from the FTX collapse." The bank moved Coinbase shares to "neutral" from "buy," in a Friday note to the bank's investment clients, according to multiple financial outlets. BofA also...