Galaxy Digital warns Robinhood’s new “Robinhood Chain,” an Ethereum-compatible Layer-2, could significantly impact NYSE and other traditional exchanges. Robinhood plans to offer 24/7 trading of tokenized stock derivatives, allowing users to self-custody and interact with DeFi. This move could divert trading volume and liquidity away from established markets, impacting their core revenues from fees and data.
Robinhood’s Tokenization Threatens NYSE Revenue
