Robinhood unlikely to launch its own token as Ethereum already powers its new chain

Share

Robinhood launched on July 1 its own blockchain called Robinhood Chain, operating as an Ethereum Layer-2 network built on Arbitrum infrastructure. The platform exclusively uses ETH as its native gas token, an architectural decision that makes any proprietary token creation redundant. The chain focuses on tokenized real-world assets, including tokens representing US equities and ETFs, available in over 120 countries with priority on EU and EEA markets. Robinhood Chain enables 24/7 trading, removing traditional market hours constraints. This strategy directly benefits Ethereum, as every transaction generates additional demand for ETH used as network fuel.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles