Analyst: Coinbase's revenue and trading outlook affected by tariff tensions

ChainCatcher news, according to CoinDesk, investment bank Oppenheimer analysts pointed out in a report that the uncertainty brought by Trump's intermittent tariff threats has cast a shadow over cryptocurrency trading activities, making the outlook for cryptocurrency exchange Coinbase weak.

Due to a decline in risk appetite, Oppenheimer has lowered its full-year trading volume forecast for Coinbase by 19% to $1.3 trillion, reduced its first-quarter trading volume forecast to $380 billion, a 13% decrease from the previous quarter, and cut its target stock price from $388 to $279.