The last evolution of the dry towards the abolition of his trial against Coinbase could not only stimulate the feeling of cryptographic tokens formerly considered as titles under the previous administration, but also a positive impact on the stock of Robinhood (Hood), an actor major in the crypto exchange space.
Although the SEC has not yet voted on the Coinbase affair, its probable decision could be a great victory for the cryptography industry, which faced a strict application under President Biden. In June 2023, Robinhood had to withdraw the tokens accused of being titles, but after the electoral victory of Donald Trump, the scholarship added tokens, including Solana soil.
Exchanges could add more tokens, cryptographic companies could consider the US IPO
With the case of Coinbase likely to be abandoned, exchanges like Robinhood can feel more confident by adding tokens to their platforms, which could increase negotiation income. In addition, Robinhood recently reported an increase of 115% of revenues from the fourth quarter, driven by higher crypto negotiations.
The best five tokens, based on market capitalization, which were previously considered as titles include BNB, Solana (Sol), Cardano (ADA), Tron (TRX) and Toncoin (tone).
This development could also encourage more companies to make public on the US markets. Several cryptographic companies, such as Blockchain.com, Bitgo, Gemini, Etoro, Bullish Global (parent of Coindesk), Ripple and Circle, would already be potential initial public offers (IPO) in the United States
Coin increases by 5%, Hood increases by 4%, BTC is close to $ 100,000
Coinbase (Coin) experienced a 5% increase in shares before the Friday market open after the news.
The global cryptography market has also increased, Bitcoin (BTC) approaching $ 100,000 for the first time since early February. The tokens previously labeled as securities by the dry under the management of Gary Gensler have also acquired, as the feeling of the market has improved.
