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Watch Desk posted an update

Coinbase vice chair Ryan VanGrack says the company has taken an initial regulatory step towards letting US investors make leveraged, round-the-clock bets on stocks without owning them, according to Bloomberg’s interview summary.

Why it matters

The proposal would push Coinbase beyond conventional crypto trading and into always-on stock exposure, but this is an opening move rather than an approval or launch. The available account does not specify the filing, proposed mechanism or timetable, so the regulator’s next response is the useful bit to watch.

Discuss: Would round-the-clock leveraged stock exposure be a useful market innovation, or simply give risk more hours in the day?

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