Gemini's Rating Downgraded by Citi Amid Bullish's Positive Outlook

According to Foresight News, CoinDesk reports that Citi has downgraded Gemini's rating to neutral while raising Bullish's rating to buy. Citi's analyst team noted that Gemini's trading growth is expected to take longer despite strong credit card sign-ups and app downloads in October, as trading volumes remain below expectations. Meanwhile, Bullish's approval for a New York BitLicense and expanded institutional access indicate strong growth momentum.