Latest news with #cryptotrading
Crypto Insight
2 days ago
- Business
- Crypto Insight
Robinhood launches layer-2 blockchain for stock trading in Europe
Robinhood's push into real-world assets (RWAs) is gaining momentum, with the digital brokerage launching a tokenization-focused layer-2 blockchain and introducing stock token trading for users in the European Union. Built on Arbitrum, the new layer-2 network will enable the issuance of over 200 US stock and exchange-traded fund (ETF) tokens, giving European investors access to US assets, Robinhood announced on Monday. Robinhood's stock tokens will have zero commissions and be available for trading 24 hours a day, five days a week. The company also announced the launch of perpetual futures in the EU, giving eligible traders access to derivatives with up to three times leverage. These trades will be routed through Bitstamp, the crypto exchange Robinhood recently acquired for $200 million. Robinhood isn't the first exchange to offer tokenized shares to European investors. As Cointelegraph reported, Gemini has already begun offering a tokenized version of Strategy (MSTR) stock, giving investors exposure to the Bitcoin-focused company. Robinhood's crypto push intensifies Robinhood unveiled its new tokenization initiative days after launching micro futures contracts for Bitcoin, XRP, and Solana, allowing traders to access derivatives markets with significantly lower capital requirements. In May, the exchange acquired Canadian crypto operator WonderFi in a $179 million deal. The company has also been advocating for sensible tokenization legislation in the United States, having submitted a proposal to the Securities and Exchange Commission to establish a national framework for RWAs. Robinhood's proposal includes plans to launch the Real World Asset Exchange, a platform designed for offchain trading with onchain settlement. The RWA market has grown significantly over the past year, eclipsing $24 billion as of June, according to a recent RedStone report. However, much of its growth has been driven by private credit and US Treasury debt, with tokenized stocks accounting for less than $400 million. Source:
Finextra
23-06-2025
- Business
- Finextra
BBVA Kripto chooses Wyden for digital asset trading infrastructure
Wyden, the leading provider of institutional digital asset trading infrastructure for regulated institutions, and Garanti BBVA Kripto, a subsidiary of Garanti BBVA, one of Turkey's largest banks, have announced a strategic partnership to support the growth of Garanti BBVA Kripto's digital asset trading offering to its retail and corporate customer base. 1 Garanti BBVA Kripto will include both crypto trading pairs in Turkish Lira, US Dollar and trading between cryptocurrencies, expanding local market access to digital assets and creating a seamless and efficient experience for Turkish investors. Best-in-class digital asset infrastructure for an optimal client trading experience The platform incorporates different liquidity sources, ensuring both optimal price discovery and best execution to meet new regulatory requirements. Wyden acts as the central trading infrastructure allowing Garanti BBVA Kripto to optimize profitability, manage liquidity, hedge risk and exposure, whilst providing its retail and corporate customers with a superb client trading experience. In addition to enabling best execution, the Wyden platform also supports Garanti BBVA Kripto's comprehensive risk management needs by delivering dynamic hedging mechanisms to manage both limits and exposures. Onur Güven, CEO at Garanti BBVA Kripto, stated: 'As we build out our efficient, scalable, and compliant crypto trading offering for our retail and corporate clients, Wyden's advanced technology gives us the flexibility and confidence to operate and scale in this emerging segment - while always staying closely aligned with our regulatory and risk management priorities. As Garanti BBVA Kripto we are going to constantly build towards the needs of crypto users and the industry.' 'We are proud to collaborate with Garanti BBVA Kripto, a leading force in Turkish banking,' said Andy Flury, CEO of Wyden. 'This partnership Introduces Wyden to one of the region's most trusted financial institutions and underscores our shared commitment to safe, compliant, and scalable digital asset services.'
Yahoo
17-06-2025
- Business
- Yahoo
Coinbase seeking US SEC approval to offer blockchain-based stocks
By Hannah Lang (Reuters) -Coinbase is seeking a green light from the U.S. Securities and Exchange Commission to offer "tokenized equities" to its customers, the crypto exchange's chief legal officer said in an interview with Reuters. If granted, the move would allow Coinbase to effectively offer stock trading via blockchain technology, placing it in direct competition with retail brokerages such as Robinhood and Charles Schwab and could open an new business segment for Coinbase. The concept is a "huge priority," said Paul Grewal, the chief legal officer of Coinbase. Tokenizing equities is a process in which shares of a company are converted into a digital token, similar to how cryptocurrencies are traded. Instead of holding the securities directly, investors hold tokens that represent ownership of the securities. Proponents have said that tokenized equities could reduce trading costs, enable faster settlement and facilitate round-the-clock trading. Critics have said there are plenty of gaps that need to be addressed before tokenized equities can be commonly traded. The World Economic Forum in a report last month pointed to a lack of sufficient secondary-market liquidity as well as the lack of clear global standard as two major challenges for adoption. A representative for the SEC did not immediately respond to a request for comment. Currently, tokenized equities are not available for trading in the United States, but several firms are experimenting with the concept. Rival crypto exchange Kraken said last month that it is launching tokens of U.S. equities, called xStocks, which will be available in select markets outside the United States. In order to offer tokenized equities in the United States, Coinbase would either need to be granted a so-called "no action letter" or exemptive relief from the SEC, in which the securities regulator would pledge not to pursue an enforcement action if Coinbase moved forward. Typically, companies that offer trading in securities have to be registered as broker-dealers. Coinbase is not registered as a broker-dealer, and the SEC sued the company in 2023 during former President Joe Biden's administration, alleging that it was operating as one without registering with the agency. The SEC under President Donald Trump's administration dropped that case this year. A no action letter would be issued by SEC staff in response to a request from a company like Coinbase, saying that the SEC would not object to a certain offering and would not recommend an enforcement action if a firm were to move forward with that offering. Grewal did not say if Coinbase had already submitted an official request to the SEC or when a potential product launch might happen. "With a no action letter, an issuer of a tokenized equity or a platform that wishes to offer secondary trading in those equities can have some confidence, some comfort, that the SEC has adopted its view of why this product is compliant," Grewal said. "It's that confidence that has been lacking so far, and I think really held back a lot of the institutional adoption" of crypto and blockchain technology, Grewal added. The move from Coinbase comes as Trump has sought to overhaul U.S. cryptocurrency policy after courting cash from the industry on the campaign trail. Trump has appointed industry-friendly regulators and has hosted industry leaders at the White House. Cryptocurrencies have reacted favorably, with bitcoin reaching new all-time highs this year. The SEC under Trump has dropped lawsuits against a litany of crypto companies, including Coinbase, Binance and Kraken, and has instituted a crypto task force charged with devising new rules for digital assets.
CNA
12-06-2025
- Business
- CNA
Coinbase to launch CFTC-compliant perpetual futures trading in US
Coinbase plans to launch perpetual futures trading in the United States, with the offering set to comply with regulatory standards outlined by the Commodity Futures Trading Commission, a top executive at the crypto exchange said on Thursday. With crypto markets buoyed by hopes of lighter regulation and a renewed risk appetite, exchanges are racing to capitalize on the frenzy by rolling out complex products that were once used primarily by seasoned traders. "We recently launched first-of-its-kind 24/7 futures trading, and I'm excited to share that we'll soon be launching CFTC-compliant perpetual futures trading in the U.S. as well," Max Branzburg, Coinbase's vice-president of product, said at the State of Crypto Summit in New York. Perpetual futures are crypto derivatives that allow traders to bet on token prices without an expiry date and offer round-the-clock access and high leverage, making them a popular choice in fast-moving markets. Investors and traders typically use derivatives to hedge risk, amplify returns, or speculate on price movements without owning the underlying asset.
Globe and Mail
09-06-2025
- Business
- Globe and Mail
Coinbase's Transaction Fees Improve: Will it Accelerate Growth?
Coinbase Global Inc. COIN generates the bulk of its revenues from transaction fees, its biggest but most volatile income source. Transaction revenues, which contribute over 50% of COIN's top line, are closely tied to trading volumes and are primarily earned from spot trades executed by both retail and institutional customers on its platform. International revenues comprised mainly transaction revenues. Transaction revenues increased 18.2% year over year to $1.3 billion in the first quarter of 2025, driven by a 26% increase in trading volume, which reflected both broader market momentum and Coinbase's rising market share in the United States. For the second quarter of 2025, COIN expects institutional transaction revenues to be impacted by $30 million to $40 million on a quarter-over-quarter basis. The surge in crypto trading activity, spurred by increasing adoption of Bitcoin ETFs and tokenized assets, continues to drive COIN's transaction-based income. To support long-term growth and improve crypto utility, Coinbase is investing in foundational infrastructure like Base, its Layer 2 Ethereum scaling solution. In 2024, Coinbase partnered with Stripe to integrate USDC on Base, advancing global crypto adoption. Additionally, the platform has broadened its asset offerings by launching tokenized equities such as cbXRP and cbDOGE on Base. Transaction revenues offer strong operating leverage, with profitability improving as volumes rise faster than costs as well as scale globally. While inherently sensitive to market conditions, this revenue stream continues to be a key growth engine. At the same time, Coinbase is steadily expanding its subscriptions and services segment to diversify income and enhance business resilience. What About COIN's Competitors? COIN competes with Robinhood Markets HOOD and Interactive Brokers Group, Inc. IBKR, two crypto-oriented companies. Transaction revenues, a key contributor to Robinhood Markets' growth, are driven by active retail trading in cryptocurrencies, options, and equities. Making up over 60% of its total revenues, these earnings reflect Robinhood's strong sensitivity to market fluctuations and the behavior of retail investors. Interactive Brokers Group's commission-based transaction revenues are a key driver of growth, reflecting its success in capitalizing on rising client trading activity. This high-margin revenue stream demonstrates strong operating leverage, as increased trading volumes translate into outsized revenue gains and improved profit margins. COIN's Price Performance Shares of COIN have gained 1.2% year to date, outperforming the industry. COIN's Expensive Valuation COIN trades at a price-to-earnings value ratio of 45.5, above the industry average of 18.72. But it carries a Value Score of F. Estimates Movement for COIN The Zacks Consensus Estimate for COIN's second-quarter and third-quarter 2025 EPS has moved down 47.1% and 37%, respectively, over the past 30 days. The same for full-year 2025 and 2026 has increased 52.3% and 16.7%, respectively. The consensus estimates for COIN's 2025 and 2026 revenues indicate year-over-year increases. While the consensus estimate for COIN's 2025 EPS indicates a decline, the same for 2026 EPS suggests an increase. COIN stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report Coinbase Global, Inc. (COIN): Free Stock Analysis Report Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report
