Galaxy Digital said in a report on Friday that Robinhood's tokenization initiative would remove assets from traditional market channels and move them on-chain, directly challenging the centralized liquidity and activity relied upon by large traditional financial (TradFi) exchanges like the New York Stock Exchange (NYSE). The platform's architecture is similar to Coinbase's Base and other Rollup models, allowing Robinhood to fully control its sequencer and collect all transaction fees. Galaxy estimates that Base brings in over $150,000 in sequencer fees for Coinbase every day. The report states that by operating the sequencer of Robinhood Chain and controlling tokenized assets, Robinhood's goal is to monetize every layer of the trading stack - from "off-chain trading to on-chain utility."
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Galaxy Digital: Robinhood's 24/7 tokenization plan threatens NYSE revenue
-
Wechat scan to share
Recommended for you
-
Bloomberg analysts: Among the top 25 US equity ETFs with the highest annual inflows, BlackRock IBIT is the only ETF with negative returns.
Eric Balchunas, a senior ETF analyst at Bloomberg, posted the annual top 25 U.S. stock ETFs by fund inflows on the X platform. Among them, BlackRock's Bitcoin exchange-traded fund IBIT is the only ETF with a negative return, with an annual return rate of -9.59%. It is worth noting that despite the negative return, IBIT's annual fund inflow still ranks sixth, even surpassing the GLD ETF with a 64% return. In the long run, this is a very good sign, as it received over $25 billion in fund inflows during the bear market phase, indicating greater potential once the market turns bullish. -
Hassett's chances of becoming the next Federal Reserve Chairman have once again surged significantly.
Golden Finance reports that the increased, rising to 54% on Polymarket and 51% on Kalshi, with the probabilities of Walsh and Waller being nominated by Trump ranking second and third respectively. -
China Merchants Bank: The yen carry trade may undergo a sustained reversal, exerting long-term downward pressure on global asset liquidity.
China Merchants Bank released a research report stating that on December 19, the Bank of Japan raised interest rates by 25 basis points, raising the policy rate to 0.75%. Although the Bank of Japan is highly likely to remain very cautious in its pace of rate hikes, the reversal of yen liquidity and the Japanese bond market will continue to suppress global financial conditions. -
A new address withdrew $2.5 million worth of LINK from Binance.
according to on-chain analyst Ai Yi's monitoring, the new address "0xf44…b1CC43" withdrew 199,517 LINK from Binance hours ago, worth 2.5 million USD. -
ETH breaks $3,000
the market shows ETH breaking through $3000, currently at $3002.51, with a 24-hour increase of 2.19%. The market is highly volatile, please manage your risk accordingly. -
BTC breaks through $89,000
the market shows BTC breaking through $89,000, currently at $89,017.66, with a 24-hour increase of 1.03%. The market is highly volatile, please manage your risk accordingly. -
BTC breaks through $88,500
the market shows BTC breaking through $88,500, currently at $88,549.08, with a 24-hour increase of 0.69%. The market is highly volatile, please manage your risks accordingly. -
Nasdaq-listed Mangoceuticals plans to launch a $100 million SOL digital asset treasury.
Nasdaq-listed company Mangoceuticals announced it will cooperate with Cube Group to establish a subsidiary, Mango DAT, to advance the strategy of building a $100 million SOL digital asset treasury (DAT). The related funds will be raised through an ATM financing plan and the sale of common stock. It is reported that the company has also submitted a "MULTI-DAT" trademark application to the United States Patent and Trademark Office to promote a series of strategic digital asset and DeFi plans. -
Bitcoin institutional buys flip new supply for the first time in 6 weeks
Bitcoin buying power from institutions flipped the daily mined BTC supply for the first time since the start of November, new data showed.
-
Bitcoin rebounds on Japan rate hike as Arthur Hayes sees dollar at 200 yen
Bitcoin headed higher despite the Bank of Japan's interest-rate hike while reactions saw bullish risk-asset signals and no further policy tightening.
Daily Must-Read
-
MSCI’s crypto treasury rules could spur $15B of forced selling
-
US Fed pulls guidance blocking its banks from engaging with crypto
-
Ethereum could get faster in January with gas limit rise to 80M
-
Lightning Network hits record capacity on crypto exchange adoption
-
Strategy won’t be forced to sell Bitcoin if stock drops, Bitwise CIO says
-
Coinbase CEO Armstrong Says Banks That Don't Adapt Stablecoin Will be 'Left Behind'
All Comments