The Robinhood plan can distinguish shares on Blockchain compatible with the new ETHEREUM that can transform trading volume away from traditional stock exchanges such as the New York Stock Exchange, undermining its basic revenues from trading fees and market data, according to Galaxy Digital.
At ETHCC this week, the CEO of Robinhood Vlad Tenev detailed the “RobinHood series” plans, which is an ETHEREUM compatible layer for an introduction. Blockchain will allow users to trade the distinctive symbol derivatives directly from ONSAIN, which leads to the transfer of asset trading outside the traditional exchange hours.
TENEV explained that a new symbolic engine works on the Robinhood series will provide users for symbolic derivatives of their origins, allowing them to self -needs for these symbols or interact with an invoices.
By extracting the distinctive “code” of the real shares that were implemented by an American mediator, Robinhood will provide users with a semi -fixed settlement and 24/5 trading at first, with trading planning around the clock throughout the week. The initiative benefits from the last acquisition of Robinhood for Crypto Exchange bitstamp.
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Distinguished Code Robinhood brings assets onchain
In Friday’s report, Galaxy Digital He said This symbolic step for Robinhood removes assets from traditional market channels and is brought by ONSAIN, which directly challenges liquidity and concentrated activity that gives major tradfi exchanges like NYSE.
“This directly challenges the deep focus of liquidity and activity that gives the main tradfi exchanges (EG, NYSE) its competitive advantage,” wrote Galaxy Digital.
The platform structure reflects the Rollup models such as the Coinbase base, allowing Robinhood full control of sequences and the ability to capture all transactions fees. Galaxy Base’s capabilities generate more than $ 150,000 in Coinbase’s daily sequence fees.
By running the RobinHood series series while controlling the distinctive assets, Robinhood aims to liquefy each layer of the trading collection – from “Trading Offchain to Onchain Utility”.
It is worth noting that the appeal of the distinguished assets extends beyond trading 24/7. Programming can allow uses such as the use of distinctive arrows as a guarantee in DEFI protocols or profit distributions, which are the features that cannot match traditional stocks.
As the Galaxy, if the current exchanges are unable to match the interest of the distinctive assets, they risk becoming a “guardian of less functional version of the same assets”, pushing more traders to Blockchain platforms.
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The risk of volatility remains
However, the 24 -hour trading model can provide the risk of volatility to retailers, who may wake up to sharp price movements outside the normal hours.
Moreover, organizational uncertainty remains a challenge. While Robinhood’s distinctive symbols are only available to European Union users, the US Securities and Stock Exchange Committee (SEC) did not publicly comment on the form.
The Securities and Financial Markets Industry Association (SIFMA) has already gathered Urging SEC to refuse to trading distinctive stocks outside the NMS regulation.
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2025-07-05 07:27:00
