Mizuho warns Coinbase fee cuts may signal broader pricing pressure
Mizuho said Coinbase’s recent lowering of fees for many active traders on Coinbase Advanced could mark the start of broader pricing pressure across the platform, citing potential impacts from Robinhood competition.
Mizuho said Coinbase Global Inc. (COIN) drew scrutiny after it lowered fees for many active traders on Coinbase Advanced, according to TheFly. The firm said the move could be the beginning of broader pricing pressure across the platform. Mizuho reiterated a 'Neutral' rating and $155 price target.