Citi initiates Coinbase as a buy, says crypto stock can jump more than 27%

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Jesse Pound@/in/jesse-pound@jesserpound
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Monitors display Coinbase signage during the company's initial public offering at the Nasdaq MarketSite in New York on April 14, 2021.
Michael Nagle | Bloomberg | Getty Images

Cyrptocurrency exchange Coinbase provides significant upside for investors looking to get a foothold in the booming digital coin industry, according to Citigroup.