$ORD
Heating UpSnapshot Window: 2026-07-19 15:30 UTC · ← Back to Crypto Overview
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Ansem broke down the real reason robinhood built a chain and its not innovation His read, they own retail stock and options trading but were missing perps, hence the lighter partnership, and 24/7 markets, hence tokenized stocks, the L2 is about owning the whole stack because [Spoken audio]: Um, I think the RWA thesis and like the tokenized stocks thesis makes a ton of sense. They obviously dominate retail stock trading, dominate options trading on stocks. And all I think that they kind of don't have access to right now is like the perpetual market, which is why they're partnering with lighter. And then like the 24 seven trading, which is why they're doing the tokenized stocks thing. Um, and on chain, like the L two is as could be a new source of revenue for them. And I think they saw how well Dogecoin did in 2020 and 2021 for them. they made a fuck ton during that trading volume. And like all of that trading retail volume on chain, obviously originates on chain first before it goes to a centralized exchange. So they're like, we wanna own the entire stack, not just a centralized exchange, but also have our own chain where people can trade whatever things on. And it'll also add value to our other business lines. I mean, I think that's the general thesis for it. I do think Robin is a good spot. It's net positive, I would say, for crypto. But I don't think they're doing anything like other L2s haven't done necessarily. I wouldn't say they're like breaking any innovation in that way yet. I think it's just like Vlad being directly bullish on all the things happening on chain is really good thing to see for traders. Yeah, it's just distribution and users that's how much volume they have, right? Yeah, yeah, for sure. Yeah. Do buybacks work?
