Morgan Stanley makes its first call on major crypto stock

Stop viewing Coinbase as just a crypto brokerage. It has transformed into a financial infrastructure giant where 88% of revenue now comes from sources other than Bitcoin spot trading. By moving into equities, commodities, and prediction markets, they are directly challenging the dominance of traditional Wall Street exchanges. Morgan Stanley’s $250 target implies a massive 43% upside. Is Coinbase really the future of all trading, or is this pivot a mistake? What's your take?
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