Coinbase Global Inc. has applied to the U.S. Securities and Exchange Commission for approval to offer blockchain-based stocks. This initiative could change the conventional approach to trading such assets.
Coinbase's Steps Towards Blockchain Stocks
Under CEO Brian Armstrong's leadership, Coinbase is aiming to step forward in blockchain stock offerings. Paul Grewal, Chief Legal Officer, highlighted that blockchain's real-time settlement improves market efficiency. He stated, 'Now, because blockchain technology enables real-time settlement and self-custody, the legacy, intermediated market structure is no longer.' If Coinbase receives SEC's approval, it could revolutionize financial markets by providing a transparent blockchain-based securities marketplace.
Impact on Ethereum Market
Market responses have been cautiously optimistic. According to CoinMarketCap data, Ethereum (ETH) has a market cap of $309.84 billion, with a current price of $2,566.61. Recent trading volumes reached $23.22 billion, decreasing by 2.58% over 24 hours. The 60-day change suggests robust growth of 61.53%, which indicates potential benefits for both institutional and decentralized finance users.
SEC Precedents
In January 2025, the SEC's approval of Bitcoin ETFs led to significant inflows into crypto-linked equities. Experts from Coincu's research team suggest that positive regulatory assessments could significantly enhance Ethereum's applicability in financial securities.
Coinbase's initiative to launch blockchain stocks could not only change the approach to trading financial assets but also create a more transparent and accessible market for investors. The directions taken by the SEC may considerably impact the future of Ethereum and the stability of related markets.
