Robinhood, Coinbase Could Benefit From New Digital Asset Regulation, Says Bernstein
A new digital assets regulatory framework could significantly expand the offerings of Robinhood (NASDAQ:HOOD) and Coinbase (NASDAQ:COIN), enabling both platforms to list a broader range of crypto assets and tokenized equities, according to a new Bernstein report.
What Happened: The report outlines how evolving regulations might reshape the competitive landscape for investment platforms, fostering integrated multi-asset trading environments.
The 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.
For Robinhood, currently operating as a broker-dealer, this clarity would broaden its addressable market.
“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 (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: …
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