Geopolitical instability pushes institutional traders toward crypto derivatives
Institutional traders are using crypto derivatives as a hedge and speculative investment vehicle in response to geopolitical tensions linked to the Iran conflict, which have disrupted global energy and commodities markets. This shift in trader behavior increases crypto derivatives trading volumes. As a result, Coinbase Global's futures trading volumes increase. Piper Sandler raised the price target for Coinbase Global to $180 from $150. The company's quarterly revenue continues to fluctuate between $1.2 billion and $2.3 billion.
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