Their CEO presented the Robinhood chain and tokenized assets on it's chain and app. Robinhood chain will be a permissionless L2. https://robinhood.com/us/en/blockchain/

During this presentation he showcased tokenized OpenAI & SpaceX stocks, using arbitrum https://x.com/TrustlessState/status/1939710544942071923. Looks like the service will start on arbitrum than eventually move to it's own L2.

>>60564976 (OP)
finally a good thread
bump

3/3

You mean the platform that forcibly close users' positions when a stock becomes too (((volatile))))? Yeah they will be immensely popular with the crypto community.

Post hands, jeet shill.

>>60564976 (OP)
The press release says the assets will have cross-chain capabilities, wonder if it'll use CCIP or Wormhole. Both have Arbitrum chain access. Did they say anything about that?

Also nice to see tradfi continue to adopt ETH

>>60564976 (OP)
their own L2
so eth won and a lot of alts will die once it becomes clear that their narrative of tradfi will use us is over for even the dumbest of retards
did anyone with a single functional braincell actually ever thought real money would let itself be scammed by solana for instance

pass

>>60564976 (OP)
This has literally everything to do with chainlink.

thank you based vlad

>>60565018
This. NEVER forget how Robinhood scammed thousands of people from becoming wealthy by disabling their ability to buy GME.

NEVER use Robinhood. I wouldn't be surprised if they were directed by a certain people to disable buying GME.

Arbitrum white boy summer

>>60565569
>becoming wealthy by disabling their ability to buy GME
didnt they save people from losing a lot of money at the time they disabled the ability to buy gme

>>60564976 (OP)
This has literally nothing to do with Chainlink.

>>60565721
in the long run and in hindsight, yes. at the moment no.
>>60565569
personally i think they learned from their mistakes, they do give out crypto wallets on their app and you do get to own the keys. sure they aren't perfect and it's still a centralized service at the end of the day, but it's a step in the right direction.

>>60564976 (OP)
retards fall for these scams

>>60565796
step in right direction to fake chain they own and can at any time do what ever they want no matter how much you have your own keys

>>60565839
it's permissionless though, you can see all activity and see if they make any changes you disagree with, and if they do you can just swap your money out of that chain. not really sure something with that much freedom can be considered a scam. doesn't mean it's a good chain by any means but scam implies that it doesn't work or is hiding info from the user.

>>60565819
>robinhood chain tokenizing assets
>"scam"
>chainlink
>"the future of finance!! the 4th industrial revolution!!!"

>>60565721
They saved shorts from getting even more decimated. Melvin capital was down 50% or something insane at one point, they would have gotten liquidated had there been no intervention.

>>60565721
>>60565884
(I didn't write this, from Quora) When you place an order on Robinhood, it goes through a company called Citadel Securities. Citadel Securities is owned by Citadel LLC. It serves as a market maker for Robinhood (every brokerage has a MM). Without a market maker Robinhood couldn't exist.

Earlier THIS MONTH (January 2021), Ken Griffin, **THE CEO** of Citadel LLC, invested $2.75 billion into a company called Melvin Capital.

Melvin Capital is an investment management firm. Their primary strategy is shorting the market. They were one of the biggest short-sellers of GameStop, and now they are going into bankruptcy because of Wallstreet Bets.

The CEO of the company that created the market for robinhood was directly impacted when his short positions through Melvin Capital shot up in value. Today, Robinhood blocked the purchasing of GameStop shares, and only gave the option to hold or sell your position of GameStop and other positions shorted by Melvin Capital after they lost millions (or even billions) of dollars. This effectively caused a crash in those respective stocks. That is a DIRECT conflict of interest, and it is STEALING, plain and simple.

>>60565930
>This effectively caused a crash in those respective stocks
so indeed they saved new baggies from being created since its been dump only for gme after that
thanks robinhood

>>60566071
No they saved Melvin capital from going bust. I'm sure you already know that and are just being a disingenuous kike.

I was invited to this event, but I didn't go.
Was anyone else from biz-Europe there ?

The guy that posts his black peugeot lives near there. Is he in this thread ?

>>60565721
Turns out the funny thing is that 90% of robinhood owners are actually various investment firms and hedge funds. Vlad Tenev and the Indian owns like only 10% and they act as frontmen.

I'm pretty sure that decision came from those investment firms.

https://en.wikipedia.org/wiki/Robinhood_Markets#Financing_history

>>60565361
>so eth won
Yeah, it's obvious by now that the big guys don't trust solana.

>>60566071
>dump only
I wonder if that had anything to do with the market maker making it physically impossible to do anything but dump?

>>60566071
If the price got too high the hedge funds that shorted it would’ve been forced to buy everyones bags.
Too bad for the baggies it was revealed that everyhing is rigged from the start.

>>60565018
We all remember

>>60566664
It has gathered too much negative shitcoiner energy. It's literally pump and dump schemes in the open.