BLOOMBERG · 2026-10-13 21:00 UTC

Polymarket Token Tease Stands Out After Crypto's Equity Pivot

Polymarket CEO Shayne Coplan teased a potential cryptocurrency announcement at Token2049 but delivered vague comments about on-chain assets, disappointing traders expecting token news. Fewer than 10% of tokens listed on major exchanges showed positive price action from January 2025 through February 2026, and token listings have shrunk to 2023 levels. Projects like Across Protocol and Centrifuge are converting cryptocurrencies to equity, citing regulatory clarity and institutional investor concerns about token governance as reasons to abandon tokens.

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