Coinbase is pushing for SEC approval to trade blockchain-based stocks, positioning itself as a competitor to Robinhood with 24/7 trading options.

Coinbase is pushing for SEC approval to trade blockchain-based stocks, positioning itself as a competitor to Robinhood with 24/7 trading options.

Coinbase is pushing for SEC approval to trade blockchain-based stocks

Coinbase has expanded its ambitions and is pushing the US Securities and Exchange Commission (SEC) for permission to enable trading in blockchain-based stocks. This step is part of the company's strategic repositioning to establish itself as a serious competitor to Robinhood.

A significant feature of this project is the intended introduction of a 24/7 trading model, which offers users the opportunity to trade digital assets flexibly at any time. This type of trading availability could represent a significant advantage for Coinbase, especially in a market increasingly reliant on digital innovation and flexibility.

Coinbase's move highlights the company's commitment to taking a leading role not only in cryptocurrency trading, but also in stock trading. With the potential trading of blockchain-based stocks, the platform could appeal to a broader audience while expanding the user experience through a diverse range of products.

SEC approval could not only create new trading opportunities for investors, but also revolutionize the entire digital stocks market. The development is being watched closely as it could impact not only Coinbase itself, but also the competitive landscape in stocks and crypto trading.