TradFi Turns To Crypto: Top Brokerage Firm Plots 2026 Trading Debut
Charles Schwab, a top brokerage firm in the United States, has laid plans to roll out a cryptocurrency trading platform as early as next year. The development marks increasing mainstream adoption of digital currencies and may redefine the competitive dynamics for crypto exchanges. Related Reading: Decentralized Defense? NFT Group Targets Cold War Nuclear Bunker Buy […]
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TradFi is likely to ramp up Bitcoin allocations by the end of the year, says Wall Street vet Jordi Visser. The statement came during an interview with Anthony Pompiliano, where Visser declared: Between now and the end of the year, the allocations for Bitcoin for next year, from the traditional finance world, are going to […]
BitMEX co-founder, Arthur Hayes, said that the crypto bull cycle is far from over, and that it might continue well into 2026. Arthur believes the US government spending program is not yet in motion and may only start mid-2026. This could mean the US may continue printing money, flooding the market with more liquidity. Amidst global instability, […]
Unlike traditional IPOs with a six-month lockup period, Robinhood will allow its employees to sell 15% of its shares immediately after the public debut. Shares of cryptocurrency-friendly trading app Robinhood dropped more than 8% in its public Nasdaq debut on Thursday, marking one of the worst initial public offering (IPO) debuts of its size.Robinhood’s HOOD stock tumbled 8.4% below the IPO price in the company’s first trading session on July 29, dropping from $38 to $34.82. The company went public on Nasdaq at a $32 billion valuation to see its market capitalization fall to $29 billion....
U.S. brokerage firm M1 Finance will soon roll out crypto accounts and commission-free trading services for ten digital assets. Despite the bear market scaring away many crypto investors in 2022, online brokerage firm M1 Finance is set to launch crypto trading accounts and trading services over the next few weeks.The Chicago-based company was founded in 2015 and claims to have more than $5 billion worth of assets under management (AUM). The brokerage also offers retirement accounts in addition to providing commission-free trading on stocks and exchange-traded funds (ETFs). In a July 11 blog....
A top ten crypto index by Bitwise has outperformed the assets themselves as FOMO takes hold. Leading crypto fund manager Bitwise Asset Management has announced that its 10 Crypto Index Fund is trading at a much higher premium than the underlying assets it represents.The BITW fund saw record initial trading volumes with shares in the crypto fund surging to 369% higher than the value of the Bitcoin, Ethereum, and eight other crypto assets, that it holds.Bloomberg reported that the divergence indicates that institutional investors, hedge funds, and retail traders, are happy to pay a premium....