Battle to Rewire Stock Trading the Crypto Way Is On: Aaron Brown

The stock market as we know it is on the brink of a transformation. The crypto industry has long touted the potential for the underlying blockchain technology to make trading more efficient, more liquid and 24X7. Now, firms including Robinhood Markets Inc. and Coinbase Global Inc. are pushing for “a speedy regulatory pathway” to begin that experiment, according to The Information. But at what cost?

There’s strong opposition to the idea from traditional financial firms such as Ken Griffin’s Citadel Securities, one of the top US market makers. Whoever wins this round, expect many more turf wars as ...