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Investors may be better off owning bitcoin directly versus buying shares of Coinbase Global (COIN) to avoid expected headwinds, including increasing competition and the ongoing “commoditization of cryptocurrency exchanges,” Mizuho Securities USA told clients in a note Thursday.
Read more: Coinbase Analysts See ‘Green Shoots’ After Weak Third-Quarter Results
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
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Investing in Bitcoin Directly May Be Better Bet Than Coinbase: Mizuho – Coindesk
