Oppenheimer: Coinbase revenue and trading outlook affected by tariff tensions

Odaily News Analysts at investment bank Oppenheimer said in a report that the outlook for cryptocurrency exchange Coinbase has weakened as uncertainty caused by Trump's intermittent tariff threats has cast a shadow on cryptocurrency trading activities. Due to the decline in risk appetite, Oppenheimer lowered its full-year trading volume forecast for Coinbase by 19% to $1.3 trillion, and lowered its first-quarter trading volume forecast to $380 billion, a 13% drop from the previous quarter, and lowered its target share price from $388 to $279. (CoinDesk)