1. Crypto Community Comments: Copycats are in Danger
I don’t think it’s good for the crypto. The liquidity is already poor, and some of the liquidity has been sucked away by the U.S. stock market.
@DogeWLFI
A large number of pre-markets of US stock tickers have been bridged to the crypto market, which essentially drains liquidity from the crypto market and transfers it to US stocks. Some alts that have little value are now more like air.
@ohyishi
High-quality assets on the chain are scarce, and the US stock market has a very good development trend. However, before the US stock market is available 24/7, the liquidity of the US stock market on the chain during the non-trading hours of the US stock market is greatly affected. Binance has the most unrivaled liquidity at present, and it is still easy to put the US stock market on the chain. ——@Super4DeFi
Robinhood's on-chain US stocks will bring a lot of imagination, but I think Hyperliquid can directly skip the US stock spot and open up the on-chain US stock contract market: higher leverage, lower costs, higher capital efficiency, and greatly make up for the plight of few high-quality assets on the chain. —— @LeePima
2. Which targets may benefit?
Public chains: SOL, ETH, ARB
Trading tools: SOL chain RAY, JUP. BASE chain AERO
Oracle: LINK
Stocks: Robinhood (HOOD), Coinbase (COIN)
3. US stocks are on the blockchain, and the future trend is to divide the world into three parts
The two major crypto exchage, Bybit and Kraken, as well as the North American brokerage firm Robin, simultaneously announced that they would be putting U.S. stocks on the chain.
Bybit and Kraken are connected to the services of xStocks. The parent company of xStocks applied for compliance in the offshore island of Jersey, which not only attracted Bybit and Kraken exchanges, but also embraced the thigh of Solana ecosystem.
This means that in the future, crypto exchage can trade U.S. stocks. Note that more exchanges may list U.S. stock assets. In addition, U.S. stocks can also be traded directly on the SOL chain DEX.
Speaking of on-chain stocks, everyone will definitely be concerned about Coinbase's actions. Although Coinbase has not yet launched its own on-chain US stock products, they are waiting for the approval of the SEC, because what they want to do is to build a compliant market in North America. Therefore, in the calculations of these institutions, the future market structure should be divided into three parts.
