American stocks reconnect with blockchain: ongoing market transformation 🌐
Major players like Bybit, Kraken, and Robinhood are bringing American stocks onto the blockchain, potentially creating a three-part market structure. This movement is occurring via xStocks on the Solana ecosystem, allowing crypto exchanges to trade American stocks and enabling direct trading on the SOL DEX chain.
The crypto community has mixed reactions:
1. Some are concerned about the outflow of liquidity from crypto markets
2. Others see opportunities in 24/7 trading despite liquidity challenges
Potential beneficiaries include:
- Public chains: SOL (+5% in the last 24h), ETH (stable around $2485), ARB (down about 10%)
- Trading tools: RAY, JUP, AERO
- Oracle: LINK
- Stocks: HOOD, COIN
Although this trend creates new trading opportunities, consider how it might affect the diversification of your portfolio. 🚀
