- Coinbase plans to expand from crypto trading to stock trading.
- The goal is to achieve tokenized equities by 2026.
- Brian Armstrong envisions blockchain-based share management.
Coinbase CEO Brian Armstrong revealed plans for the platform’s expansion into stock trading, targeting tokenized equities within two years, according to an interview with Fortune.
This shift could revolutionize stock trading by leveraging blockchain, aiming to set new industry standards and attract traditional investors.
Coinbase Aims for Tokenized Equities by 2026
Brian Armstrong aims to convert Coinbase from a cryptocurrency platform to an “everything exchange,” focusing on stock trading services and tokenized equities within two years. These moves align with efforts to integrate blockchain into traditional finance.
Plans include new modes of stock trading, initially limited to few users, with broader rollout planned soon. Tokenized equities aim to improve equity management, potentially transforming company operations on a blockchain basis. Market responses show interest, with Coinbase emphasizing leadership in on-chain transitions. Armstrong predicts blockchain as superior for managing shares, stirring wide interest across finance sectors, as emphasized by Coinbase Institutional Insights.
Blockchain Adoption in Finance Poised for Growth
Did you know? Tokenized equities could significantly reduce transaction times and costs associated with traditional stock trading.
As reported by CoinMarketCap, USDC remains stable at $1.00 with a market cap of $76.02 billion and a 24-hour trading volume of $8.77 billion, reflecting a -24.87% change in trading activity. The stablecoin saw a 1.63% uptick in the last 24 hours with minor fluctuations over longer periods.
Strong adoption moves, such as the diversification announced by Coinbase, could streamline blockchain adoption in finance, encouraging regulatory and tech advances. The move might trigger sector growth, aligning traditional equity handling with blockchain benefits and enhancing accessibility and efficiency across financial markets.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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