Robinhood Chain’s September Stock-Token Volume Hits $11.31 Billion; Major US Companies Oppose Product
JH Kim
Summary
- Robinhood Chain’s September stock-token trading volume reached $11.31 billion.
- Major U.S. companies including Goldman Sachs, Microsoft and Qualcomm expressed opposition to stock tokens.
- Caterpillar, McDonald's, Western Digital and Alphabet also opposed stock tokens.
Forecast Trend Report by Period
Stock-token trading is expanding in overseas markets, with Robinhood Chain recording $11.31 billion in trading volume in September. Major U.S. companies, however, have taken a stance against stock tokens.
Goldman Sachs, Microsoft and Qualcomm are among major U.S. companies opposing stock tokens, CNBC reported on October 21.
Caterpillar, McDonald's, Western Digital and Alphabet were also included among companies expressing opposition.
Meanwhile, overseas stock-token trading has been on the rise. Robinhood Chain's trading volume for September reached $11.31 billion.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.