Robinhood, Coinbase Could Benefit From New Digital Asset Regulation, Says Bernstein

Benzinga2025-04-15

A new digital assets regulatory framework could significantly expand the offerings of Robinhood HOOD and Coinbase COIN, enabling both platforms to list a broader range of crypto assets and tokenized ...

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Regulation, Says Bernstein\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-04-15 19:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/25/04/44810015/robinhood-coinbase-could-benefit-from-new-digital-asset-regulation-says-bernstein><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new digital assets regulatory framework could significantly expand the offerings of Robinhood HOOD and Coinbase COIN, enabling both platforms to list a broader range of crypto assets and tokenized ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/25/04/44810015/robinhood-coinbase-could-benefit-from-new-digital-asset-regulation-says-bernstein\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/25/04/44810015/robinhood-coinbase-could-benefit-from-new-digital-asset-regulation-says-bernstein","article_id":"2527413600","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2025/04/15/The-Robinhood-Trade.jpeg"],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/markets/cryptocurrency/25/04/44810015/robinhood-coinbase-could-benefit-from-new-digital-asset-regulation-says-bernstein","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2527413600","pubTimestamp":1744717809,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"A new digital assets regulatory framework could significantly expand the offerings of Robinhood (NASDAQ:HOOD) and Coinbase (NASDAQ:","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","CETH":"以太坊ETF-21Shares","QETH":"以太坊ETF-Invesco Galaxy","EZET":"以太坊ETF-Franklin","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4127":"投资银行业与经纪业","ETHV":"以太坊ETF-VanEck","FETH":"以太币ETF-Fidelity","BK4547":"WSB热门概念","BK4516":"特朗普概念","BK4535":"淡马锡持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4596":"哈里斯概念","COIN":"Coinbase Global, Inc.","BK4588":"碎股","HOOD":"Robinhood","BK4600":"加密货币概念","BK4112":"金融交易所和数据","BK4594":"比特币ETF概念","BK4601":"加密货币现货ETF","BK4595":"比特币概念","BK4551":"寇图资本持仓","BK4539":"次新股","BK4554":"元宇宙及AR概念"},"translate_title":"伯恩斯坦表示，Robinhood和Coinbase可以从新的数字资产监管中受益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EZET":0.73,"QETH":0.73,"COIN":1,"ETHV":0.73,"HOOD":1,"FETH":0.73,"CETH":0.73},"content_text":"A new digital assets regulatory framework could significantly expand the offerings of Robinhood HOOD and Coinbase COIN, enabling both platforms to list a broader range of crypto assets and tokenized equities, according to a new Bernstein report.      \nWhat Happened: The report outlines how evolving regulations might reshape the competitive landscape for investment platforms, fostering integrated multi-asset trading environments.\nThe Bernstein report highlights that the anticipated regulatory framework, influenced by bills like FIT21 and the Lummis-Gillibrand Responsible Financial Innovation Act, could allow platforms to trade both securities and non-securities under a unified structure, overseen by the SEC and CFTC. \nFor Robinhood, currently operating as a broker-dealer, this clarity would broaden its addressable market. \n\"Clarity on listing crypto asset securities and tokenized equity securities would expand the addressable market for HOOD,\" the report states, noting that Robinhood has so far limited its crypto offerings to major assets like Bitcoin BTC/USD, Ethereum ETH/USD and Solana SOL/USD, which are classified as commodities, as well as meme tokens like Dogecoin DOGE/USD.\nThe new framework could enable Robinhood to list tokenized equities of leading public and private companies, potentially creating new marketplaces, such as for prediction markets similar to Polymarket, which Robinhood has already integrated via the Kalshi platform.\nAlso Read: Trump Signs Landmark Crypto Law, Repeals Biden-Era IRS Rule Targeting DeFi Platforms\nFor Coinbase, the largest U.S. crypto exchange with a 66% market share, the regulatory changes could streamline operations and enhance competitiveness against international exchanges like Binance.  \nThe report explains that Coinbase, which currently operates with multiple state licenses, could be licensed as an alternative trading platform, avoiding the cumbersome state-by-state compliance process. \n\"With greater regulatory clarity, COIN can be more aggressive versus international exchanges,\" the report notes, highlighting that over 90% of crypto trading volume remains offshore. \nThis shift would allow Coinbase to list more assets beyond its current conservative approach of 250 tokens, potentially including token-linked futures contracts, a market where offshore futures volumes are three to four times larger than spot volumes.\nWhy It Matters: The report also underscores broader industry trends supporting these changes. It points to Kraken's acquisition of NinjaTrader for $1.5 billion, enabling the second-largest U.S. crypto exchange to offer equities, ETFs and equity futures to its crypto users, illustrating a growing convergence of traditional and crypto assets.\nBernstein analysts argue that the distinction between crypto and equity traders is diminishing, as evidenced by Robinhood's success in attracting young traders who actively engage in both markets, driving operational efficiencies through integrated back-ends and blockchain technology.\nAdditional industry developments noted in the report include Strategy's recent acquisition of 3,459 Bitcoin for $285.8 million, bringing its total holdings to 531,644 Bitcoin valued at $35.9 billion, and Ripple's $1.25 billion acquisition of crypto prime-broker Hidden Road, which may integrate Ripple's XRP/USD new stablecoin RLUSD.\nMarathon Digital’s MARA initiative to energize 25MW micro-data centers using flared natural gas in Texas and North Dakota was also highlighted, showcasing cost-effective Bitcoin mining strategies.\nMeanwhile, the SEC's approval of options trading on spot Ethereum ETFs from issuers like BlackRock, Bitwise and Grayscale reflects growing institutional acceptance of digital assets.\nRead Next: \n\nRipple, SEC Move To End Legal Dispute As Both Sides Withdraw Appeals\n\nImage: Shutterstock HOODRobinhood Markets Inc$44.12-0.05%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum98.24Growth92.61Quality-Value29.49Price TrendShortMediumLongOverview$BTCBitcoin$85492.511.07%$DOGEDogecoin$0.15860.03%$ETHEthereum$1629.990.38%$RLUSDRLUSD$0.99990.01%$SOLSolana$132.042.05%$XRPRipple$2.151.09%COINCoinbase Global Inc$177.300.41%MARAMARA Holdings Inc$13.000.39%Got Questions? AskWhich investment platforms will thrive with new regulations?How could Robinhood's market expand with tokenized assets?Is Coinbase set to outpace Binance post-regulation?Which crypto assets will be newly listed on Coinbase?How might Kraken's acquisition reshape the market?Will Marathon Digital's mining strategy attract investors?How will SEC's approval of ETFs impact digital assets?Which companies stand to gain from integrated trading platforms?What opportunities exist in token-linked futures?Which younger traders are shifting towards crypto investing?Powered ByMarket News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. 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