Search results for Cantor Fitzgerald
Crypto
Prediction markets seen as new driver for crypto sector in downturn
Major crypto companies such as Coinbase and Robinhood are focusing on prediction markets as a new growth driver, CoinDesk reported. Investors are paying more attention to future demand and product roadmaps than expected weak first-quarter 2026 results amid falling bitcoin and ether prices and lower trading volumes. Both firms’ shares have risen recently. Regulatory uncertainty remains after New York state filed a lawsuit over whether prediction products constitute gambling.
Crypto
Cantor Fitzgerald picks Robinhood and Coinbase as top beneficiaries of prediction markets
Cantor Fitzgerald sees Robinhood and Coinbase as leading listed beneficiaries of the fast-growing prediction market trend, even as private platforms Kalshi and Polymarket lead the market. The brokerage said both companies are integrating event-based trading into their apps and earn revenue from transaction activity rather than taking the other side of bets. It said scale, user reach and existing trading infrastructure could drive liquidity and participation, though regulation remains the biggest variable.
Crypto
Bitmine moves to NYSE main board, expands share buyback cap to $4 billion
Bitmine Immersion Technologies moved its listing to the New York Stock Exchange main board and expanded its share buyback limit to $4 billion. Trading on NYSE began on April 9, while trading on NYSE American ended at the close on April 8. The board unanimously raised the 2025 repurchase authorization from $1 billion to $4 billion, including already executed buybacks. The company has also increased its Ethereum purchases and staking.
