The collapse of FTX has widespread ramifications for the crypto industry, and Goldman Sachs Group Inc (NYSE: GS) analysts say lower crypto prices and the potential for reduced investor confidence in the asset class will likely lead to lower volumes across the market.

The Coinbase Analyst: Goldman analyst Will Nance reiterated a Sell rating on Coinbase and lowered the price target from $49 to $41, saying that lower levels of crypto trading volume will affect Coinbase’s subscription and service revenues.

Check out Coinbase's quote page.

The Coinbase Takeaways: Coinbase said it does not have significant exposure to FTX or its affiliated companies, …

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