Major US bank Bank of America has listed the top 10 crypto-related stocks that have likely benefited from the latest upsurge in the market. The stocks were listed in its latest research note, one amongst the several it has released since the launch of its crypto research team.
The top stocks listed were Advanced Micro Devices (AMD), American Express (AXP), Bunge (BG), Exelon (EXC), Facebook (FB), JB Hunt (JBHT), JPMorgan (JPM), SVB Financial (SIVB), Tesla (TSLA) and Workday (WDAY).
In addition to this, the megabank recently added 23 stocks to its list of equities research coverage. The addition has taken the total companies that can ‘benefit from crypto exposure’ to 43. Some of the newly added companies were Accenture, Advanced Micro Devices (AMD), Facebook, Microsoft, Tesla, and more.
The bank formed a crypto asset research team and published a research report on 20 companies on October 4th. The report remarked that the “digital asset universe is too large to ignore”, an industry that currently has a market size of $2.7 trillion and an estimated 200 million users.