Goldman Sachs Upgrades Coinbase (COIN) to Buy Rating, Downgrades eToro

Investment banking giant Goldman Sachs has revised its ratings for two major cryptocurrency platforms. The firm upgraded Coinbase (COIN) from a "Neutral" to a "Buy" rating, signaling increased confidence in the crypto exchange's stock performance. Concurrently, Goldman Sachs downgraded the brokerage platform eToro from "Buy" to "Neutral." This analyst action highlights a shifting sentiment within the traditional finance sector towards key players in the digital asset industry. The upgrade for Coinbase is seen as a positive endorsement of its market position and business model amid evolving regulatory and market conditions.