Brokerage Stocks Surge Amid Bitcoin Rally and Tokenization Push

Retail brokerage stocks are gaining momentum as Bitcoin surges to $68,500, up 6% in the past 24 hours. Webull shares climbed 7% to $8.49 ahead of its Q2 2026 earnings report, while Robinhood Markets stock surged 7% to $98.45 due to CEO Vlad Tenev's push for tokenized stocks.

Webull is set to release its quarterly results on August 19 after the close, with analysts projecting an average revenue of $182.83 million, up from $156.94 million a year earlier. The company reported a strong Q1 2026 print, with customer assets increasing by 90% and equity notional volume reaching $261 billion.

Robinhood Markets has tokenized over 190 U.S. stocks, backed 1:1 by underlying shares, but this move has given U.S. regulators pause due to the distinction between direct ownership and tokenization. The company's CEO argues that tokenization is 'the best path to modernizing the American financial system' and expanding ownership opportunities.

Coinbase shares are up 11% to $163.32, largely driven by the broader crypto rally and a friendlier regulatory backdrop. The Senate has set a date for a vote on the CLARITY Act, the SEC has proposed new rules for crypto offerings, and the White House is preparing to host a crypto summit.