Coinbase CEO Brian Armstrong Claims Tokenized Stocks Will Reshape Global Markets
- Global Market Access: Coinbase CEO Brian Armstrong stated that tokenized stocks will provide broader access for global investors, particularly those lacking traditional brokerage services, thereby enhancing market inclusivity and liquidity.
- Enhanced Trading Convenience: Armstrong emphasized that the 24/7 trading and real-time settlement features of tokenized stocks will significantly reduce trading friction, enabling smaller investors to make fractional purchases that were previously unavailable, thus increasing market activity.
- Smart Contract Governance: He noted that the programmable governance features of tokenized stocks will allow for voting rights to be restricted based on holding duration, presenting unprecedented experimental opportunities for capital markets and driving structural changes.
- Market Reactions and Strategic Plans: Following Armstrong's comments, market observers expressed mixed reactions regarding the potential of tokenized stocks, while Coinbase aims to launch an “everything app” covering crypto, stocks, and commodities by 2026, showcasing its ambitions in the fintech space.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000588 | 0.00000888 | 0.0000114 | 0.0000144 | 0.000017 | 0.00002 | 0.0000225 |
| Fibonacci | 0.00000888 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000165 | 0.0000179 | 0.00002 |
About X
About the author
