LONG launches community vaults on Robinhood Chain LP upgrade, allowing vaults to allocate liquidity to USDG/STOCK liquidity pools and return fees. The feature will first be available to vaults for high-value OG trading pairs and will expand later.
Arcus said it has integrated with Robinhood Wallet, supporting spot trading of more than 190 stock tokens and launching a real-time points rewards program for wallet users. It also plans to support features such as limit orders for stock tokens.
PANews cited data from on-chain analyst MarcoV, stating that Coinbase Daily trading volume of stock tokens was approximately 99000000 USD, with cumulative volume of approximately 1600000000 USD;Coinbase CEO Brian Armstrong reposted the statistics.
Robinhood Wallet integrated Arcus API Eligible users located in supported regions can access Arcus’s liquidity and execution infrastructure through the wallet.Arcus becomes one of its routing providers for spot trading of stock tokens.
Robinhood Johann Kerbrat, Head of Crypto, said that the platform's stock tokens correspond to real equity assets, and Robinhood Robinhood will purchase and custody the relevant shares.
The article states that Binance relies on the Meme coin “Niu Lai” to airdrop stock tokens QQQB, and creates a reward loop through trading fees. Whether this model can be sustained and how the tokens relate to the corresponding shares remain to be tested.