** Crypto exchange Coinbase's COIN.O stock faces the biggest short-term risk from rival Binance's potential re-entry into the U.S., analysts at brokerage firm William Blair say
** With a domestic market share of more than 50%, COIN has emerged as the exchange of choice for U.S. users
** The company also snapped up users after Binance retreated following a clash with regulators
** However, with the Securities and Exchange Commission's lawsuit against Binance now dismissed, the exchange may seek to re-enter the U.S. market, analysts say
** Still, COIN is the best option for investors "to participate in a crypto renaissance" — William Blair
** Brokerage begins coverage with an "outperform" rating; says stock valuation poised to grow and investors should buy the dips aggressively
** YTD, COIN has gained 2.7%
(Reporting by Niket Nishant in Bengaluru)
((Niket.Nishant@thomsonreuters.com))
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