Bank of America has upgraded Coinbase to a "Buy" rating, according to reports. The upgrade is reportedly based on the prospects of Coinbase's Base platform and potential tailwinds from tokenization. However, the bank also noted that Binance's U.S. expansion could pose a threat to Coinbase. The upgrade reflects Bank of America's positive outlook on Coinbase's future prospects in the cryptocurrency market, while also acknowledging potential competitive pressures.

Bank of America has upgraded Coinbase to a "Buy" rating, according to reports. The upgrade is reportedly based on the prospects of Coinbase's Base platform and potential tailwinds from tokenization. However, the bank also noted that Binance's U.S. expansion could pose a threat to Coinbase. The upgrade reflects Bank of America's positive outlook on Coinbase's future prospects in the cryptocurrency market, while also acknowledging potential competitive pressures.