“More Tokens Could Be Adreded To Exchanges, Increasing Their Trading Revenue. This Might Also Open the Floodgates to Crypto Firms’ ipos in the us”, – WRITE: www.coindesk.com
Read More: Sec Poured to Drop Coinbase Lawsuit, Marking Big Moment for US Crypto
While the Sec Hasn’t Officiality Voted on the Coinbase Case, It Will Likely Be Welcomed By The Industry that Has Faced Enforcement by the Agency Under the Joe Biden Administration. Robinhood was one of the exchanges that had to delist all of the tokens that was were alleged to be securities in june 2023. However, After Donald Trump woon. Tokens, Including Solana’s Sol, whoch the Sec Alleged Were Securities.
With the Coinbase Set to be Droped, Exchanges Such as Robinhood Feel Less Risk in Adving More Tokens to Their Platform, Potentilly Increase Trading Revenue. MOST RECENTLY, THE POPULAR Crypto Platform Said Its Four-Quarter Revenue Rose 115% from the Previos Year, Topping Wall Street’s Estimates, Mainly Boosted by A Rise in Crypte.
Accorging to cryptorank.io, The Top Five Tokens, Based On Market Cap, That Were Alleged Securities Include Bnb, Solana (Sol), Cardano, TRX (TNA) An (Ton) An (Ton) An (Trx).
Tokens that Were Alleged Securities by Sec with a Market Cap Above $ 1 Billion, As of Feb. 21 (Cryptorank.io)
The Move Might Also Encouroge More Companies to List Their Firms Publicly in the US Markets. Several Crypto Companies Are Already Rumored to Be Considering Initial Public Offers (Ipos) in the Us, Including Blockchain.com, Bitgo, Gemini, Etoro, Bullish Globa (Coindesk’s.
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