Crypto’s Next Phase Is Bigger Than Bitcoin
By CNBC
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The next phase of crypto’s public-market pitch is less about token prices and more about financial infrastructure. As trading revenue slows, companies including Coinbase, Robinhood, Circle, Bullish and Gemini are trying to show they can own the systems that issue, trade, settle and record assets. The question for investors is whether these new businesses can grow fast enough before the next crypto downturn puts the model under pressure again. Chapters: 0:00-00:28 Introduction 00:29-1:28 The everything exchange 1:29-3:32 Tokenized Wall Street 3:33-5:24 Beyond stablecoins 5:25-6:47 Treasury companies Produced by: Charlotte Morabito Reporting by: Tanaya Macheel Edited by: Tasia Jensen Animation: Jason Reginato, Emily Park Senior Managing Producer: Shawn Baldwin Senior Director of Video: Lindsey Jacobson Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to '
Tags: crypto companies, Coinbase, Robinhood, Circle, Bullish, Strategy, tokenization, crypto trading, stablecoins, bitcoin treasury, crypto earnings, bitcoin
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