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Big trading platforms want to become a single place for all investing. A growing race now centers on who builds the first true everything exchange.
Good to Know
The founder and chief executive of Professional Capital Management says a new battle is taking shape across finance. In an interview with CNBC, Anthony Pompliano described a push by major platforms to build what he calls the everything exchange.
Pompliano said Coinbase plans to stretch beyond digital assets and offer access to multiple markets from one account. He said:
“One of the things that’s really interesting is they’re going after this ‘everything exchange’. They basically want you to be able to buy public stocks, crypto, prediction markets, perps— everything on one exchange.”
He added that Robinhood, along with traditional exchanges and finance firms, wants the same central role.
“They’re all coming from different areas but ultimately they are all fighting for who is going to live at the center of artificial intelligence, crypto and ultimately these everything exchanges where people can trade whatever they want, whenever they want 24/7.”
Pompliano said Coinbase holds an early edge due to deep crypto roots and scale. The platform now serves more than 100 million users and relies on crypto infrastructure that already supports round-the-clock trading.
“Many of these technologies are using crypto plumbing so having kind of a headstart in the crypto side is going to be a big advantage. But I would not discount the traditional players. These people have a lot of money. They’re very ambitious and they understand the regulatory apparatus.”
He also said everyday investors stand to benefit as competition tightens. Lower costs, faster access, and tighter pricing could follow as platforms fight for market share.
“The key for public market investors is trying to figure out who’s going to get there first and who actually has the most durable business.”