Mizuho Says Crypto Downturn Weighs on Coinbase and Robinhood, Cuts Price Targets
Mizuho analysts report that sustained weakness in crypto prices has driven casual traders away from the market, eroding take rates and worsening fundamentals at Coinbase and Robinhood. The bank lowered price targets on both firms, noting Robinhood's more diversified revenue mix cushions some impact compared with Coinbase's crypto-concentrated busin…