B
BTC $115,452 ↑ 1.6%
E
ETH $3,680 ↑ 2.7%
X
XRP $3.01 ↑ 1.4%
U
USDT $1.00 ↑ 0%
B
BNB $772.97 ↑ 3%
S
SOL $168.49 ↑ 2.9%
U
USDC $1.00 ↑ 0%
S
STETH $3,676 ↑ 2.8%
T
TRX $0.34 ↑ 1.1%
D
DOGE $0.21 ↑ 3.6%
A
ADA $0.74 ↑ 2.5%
W
WBTC $115,354 ↑ 1.5%
B
BTC $115,452 ↑ 1.6%
E
ETH $3,680 ↑ 2.7%
X
XRP $3.01 ↑ 1.4%
U
USDT $1.00 ↑ 0%
B
BNB $772.97 ↑ 3%
S
SOL $168.49 ↑ 2.9%
U
USDC $1.00 ↑ 0%
S
STETH $3,676 ↑ 2.8%
T
TRX $0.34 ↑ 1.1%
D
DOGE $0.21 ↑ 3.6%
A
ADA $0.74 ↑ 2.5%
W
WBTC $115,354 ↑ 1.5%

Robinhood’s Tokenization Threatens NYSE Revenue

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.

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