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Keywords
cryptobitcoinCoinbaseRobinhood
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/28/2026 | 81,343.50 |
| Change that session | +0.54% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/28/2026 | 2,359.68 |
| Change that session | +0.40% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
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The market value of tokenized stocks rose 790% year over year as of Oct. 12, according to Grayscale, reaching $3.4 billion as of Oct. 20 with 4.5 million holders. The article argues that leading chains such as BNB Chain, Ethereum and Solana may not translate this activity into value for coin holders, since Solana's fee burns are too small to meaningfully reduce supply. Citigroup estimated tokenized public equities could be worth about $2.6 trillion by 2030. An SEC exemption issued Sept. 17 lets qualifying U.S. venues offer tokenized stocks without registering as exchanges, a structure the article says favors Coinbase, whose Base chain had $8.1 million in tokenized assets, while Robinhood's 189 tokens worth $143.6 million are debt securities without voting rights. The author considers Robinhood and Coinbase stocks a better way to gain exposure to tokenization than cryptocurrencies, since they capture fees delivered to shareholders.
- Analysts Raise Targets on Securitize, Coinbase, Robinhood; BofA Cuts eToro
StoneX raised its Securitize (SECZ) price target by 50% to $18, keeping a Buy rating, arguing that the tokenized stock trading platform launched last week will open a major new revenue stream; the new target sits about 45% above current prices after shares fell roughly 10% on Monday morning. According to StoneX, most tokenization revenue has so far come from integration fees, even though second-quarter transaction volume reached $5.3 billion, and it projects revenue of nearly $120 million in 2027 and almost $200 million in 2028. Separately, Bank of America raised its targets on Robinhood (HOOD) to $156 and Coinbase (COIN) to $203, keeping Buy ratings, but cut eToro (ETOR) to $39 with a Neutral rating.
- Robinhood Sinks 7% as Crypto Slump and Tighter Spreads Overshadow Record Prediction Markets Quarter; Interactive Brokers Edges Higher, Webull Barely Budges
Robinhood (HOOD) shares were down 7% at $88 in morning trading, while Interactive Brokers (IBKR) rose 2% to $83 and Webull (BULL) barely moved. In Q3 2026, Robinhood's revenue rose 12% year over year to $1.42 billion, just below the $1.43 billion consensus, and GAAP diluted EPS was $0.51 versus a $0.57 estimate. Crypto trading revenue fell 55% to $120 million and net interest revenue slid 9% to $415 million, while operating expenses rose 16% to $739 million. On the other side, prediction markets revenue hit a record $173 million and options trading revenue rose 31%. CFO Shiv Verma estimated that each 25 basis point move in rates shifts revenue by 1.5%, all else being equal, ahead of the Federal Reserve's decision at 2 p.m. ET on October 28.
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Robinhood posted record revenue of $1.42 billion and EPS of $0.51, both slightly below expectations, while crypto revenue of $120 million beat forecasts, rising 20% from the prior quarter though still 55% below a year earlier. Trading volume reached $50 billion, while event contracts revenue rose to $173 million on a record 16.4 billion contracts traded. Robinhood Chain, launched July 1, generated more 30-day rolling fees than Ethereum or Base by late August, prompting management to say it will ramp up investment, and leading tokens in its ecosystem rose 20-50%. Across the market, major cryptocurrencies gained 2-4% ahead of the FOMC meeting with BTC at $81.3k, while bitcoin ETFs drew $176 million in net inflows.
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Coinbase has offered on-chain loans backed by Bitcoin since January 2025, allowing users to borrow USDC, and on Sept. 22 added fixed-rate versions through Morpho Midnight. These short-term loans must be repaid by the last Friday of the current or following month, and if they are not, the lender can claim the collateral; early repayment still means owing the same interest. Rates are set by supply and demand on an on-chain order book, and Coinbase has not disclosed specific levels. Variable-rate loans allow borrowing up to $5 million in USDC with no set term, while Coinbase has not clarified whether fixed-rate loans share the 75% initial LTV limit and 86% liquidation threshold. The article says these loans may suit short-term cash needs, but Bitcoin's volatility makes them riskier than loans backed by other collateral, and a drop of about 13% could hit the liquidation threshold at the full 75% limit.
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