According to Bloomberg, JPMorgan has officially launched its deposit token JPM Coin, initially available to institutional clients. The token represents U.S. dollar deposits held at the bank and enables 24/7 real-time transfers via Base, Coinbase’s associated public blockchain. Participants in the pilot include Mastercard, Coinbase, and B2C2, with Coinbase set to accept JPM Coin as collateral. https://t.co/ynsTcY90NQ ...

JUST IN: JPMorgan launches blockchain-based deposit token 'JPM Coin' for institutional clients. ...

JUST IN: Jim Cramer says "we could really use some blockchain on a day like today." https://t.co/QyDeXPpDbe ...

Core Insights - A compelling and diversified product portfolio is driving revenues for players in the Zacks Securities and Exchanges industry, with expected benefits from rising trading volumes, product expansion, and increased adoption of crypto assets [1] - The industry is experiencing a shift towards non-trading revenue sources, which enhances business dynamism and stability [4] - Mergers and acquisitions are accelerating as companies seek growth and innovation [5] - Continuous investment in technology, particularly AI and blockchain, is crucial for enhancing competitiveness and operational efficiency [6][7] Industry Overview - The Zacks Securities and Exchanges industry includes companies that operate electronic marketplaces for trading stocks, options, bonds, and commodities, generating revenue from fees and data services [2] - The industry is witnessing increased adoption of crypto assets, but faces challenges due to regulatory compliance [2] Trends Impacting the Industry - Volatility is driving trading volume, with a projected market size of $49.6 billion by 2028, growing at a CAGR of 12.1% [3] - Companies are diversifying into recurring revenue sources to reduce reliance on trading income, focusing on data services and technology platforms [4] - M&A activity is on the rise, with firms pursuing strategic deals to enhance competitiveness [5] Technology Investments - Industry players are increasing technology investments to improve market models and operational efficiency, leveraging AI and blockchain [6][7] Industry Performance - The Zacks Securities and Exchanges industry ranks 28, placing it in the top 11% of 244 Zacks industries, indicating positive near-term prospects [8] - The industry has underperformed compared to the broader Zacks Finance sector and the S&P 500, with a year-to-date gain of 5.4% versus 13.3% and 16.1% respectively [12] Valuation Metrics - The industry is currently trading at a trailing P/E of 23.57X, compared to the S&P 500's 23.2X and the sector's 17.5X [15] Company Highlights - Cboe Global Markets is positioned for growth with an expanding product line and recurring revenues [19] - S&P Global is well-positioned to benefit from the demand for business information services, with a focus on innovation through acquisitions [28] - Nasdaq is enhancing its non-trading revenue base and focusing on technology and analytics [26] - CME Group is the largest futures exchange, with growth driven by product expansion and global presence [31]

RT BSCN (@BSCNews)🚨 $ELON ON $ICE: WHAT DOES IT MEAN? Back in October, @DogelonMars joined the @Ice_blockchain and Online+ ecosystem... But what does it actually mean and should you be excited?https://t.co/AeOlclN811 ...

Builders, community, and over 300 new users onboarded at @labitconf! 👏Polkadot en Español (@PolkadotEspanol):Nuevamente, la escena blockchain se hace presente en Argentina en uno de los eventos más relevantes del año: @labitconf@Polkadot tuvo una destacada participación, onboardeando a más de 300 usuarios en la experiencia de @NovaWalletApp@blockya_ formó parte de un panel que https://t.co/6sv8X3ZlTo ...

Last week we were talking to Kathy Wood and she, you know, has had a very sort of sky-high um valuation for for Bitcoin. I think it was $ 1.5% million she thought it could ultimately get to. She took that down interestingly last week and suggested that the success of stable coin has become is so much higher than she thought that in some ways stable coins for transactions could ultimately crowd out Bitcoin that might have been used for that.Big big picture we believe blockchain and cryptocurrencies are a sup ...

Federal prosecutors want to retry two brothers accused of stealing approximately $25 million of cryptocurrency from traders on the Ethereum blockchain https://t.co/3tBtTvzklF ...

Don't fade it.THE HUNTER ✴️ (@TrueGemHunter):⚡ @OneAnalog isn’t just another chain it’s the chain of chains.A Layer 0 “Timechain” syncing all blockchains, no bridges, no friction.Analog is building the liquidity layer of the entire Web3 future. https://t.co/FvY8VJSeBr ...

SoFi CEO Anthony Noto joins 'Squawk Box' to discuss the launch of crypto trading on its platform, how the product stacks up against the competition, his thoughts on bitcoin and crypto, and more. ...