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first_img Bybit plans to enter the U.S. market through a partnership with a brokerage, targeting Robinhood

According to CoinDesk, Bybit CEO Ben Zhou stated that Bybit plans to collaborate with local established companies when entering the U.S. market to challenge platforms like Robinhood in market coverage. Zhou mentioned that seeking partners is a standard practice for Bybit when entering new regions, and the U.S. market may consider collaborating with companies like Interactive Brokers (IB).He said, "At this stage, it is best to partner with those who wish to enter the crypto space and already have a customer base in the U.S., such as IB or similar companies that have not yet ventured into crypto but have a quality U.S. customer base."Bybit is the second-largest cryptocurrency exchange in the world by trading volume, with over 80 million registered users in more than 180 countries and regions. The exchange is continuously acquiring licenses globally to offer a range of new regulated products. In Europe, Bybit plans to launch a "super app" covering derivatives and tokenized stocks as early as the first quarter of next year. Through partnerships, Bybit can avoid the cumbersome process of applying for money transfer licenses state by state like Coinbase, which can take two to three years.Zhou suggested waiting for the Clarity Act to pass or for a clearer understanding of new laws, at which point the SEC may provide unified regulation, allowing a single license to cover federal levels. He also pointed out that the U.S. market is highly competitive and becoming saturated, with Coinbase's position solidifying and Robinhood's importance rising. In contrast, the UK remains a less concentrated and underdeveloped market, but the entry costs are high, comparable to the EU's MiCA license.Zhou revealed that earlier this year, he was invited to meet with the UK's Financial Conduct Authority (FCA) and relevant institutions in the House of Lords. Bybit is looking for an office location in London but has not yet determined a specific site.

first_img Shinhan Card of South Korea collaborates with Japan's SBI to explore cross-border payment settlement with a yen stablecoin

According to CoinDesk, Shinhan Card, a subsidiary of South Korea's Shinhan Financial Group, is collaborating with a subsidiary of Japan's SBI Holdings to explore the payment applications of a yen stablecoin between the two countries. Participants include the cryptocurrency exchange SBI VC Trade and the trade finance blockchain company SBI XDC Network APAC.The collaboration will study scenarios such as card-linked merchant payments for Japanese tourists visiting South Korea, wallet-to-wallet transfers, and cross-border trade settlements, and will include suspicious transaction monitoring and anti-money laundering compliance systems. Shinhan Card serves approximately 20 million cardholders and stated that it will connect this project with Shinhan Financial's broader digital asset strategy, which includes an agreement reached in August with Visa to explore stablecoin issuance, transfers, and card settlements.Currently, the project is still in its early stages, and the parties have not disclosed the types of stablecoins to be tested, nor have they set a timeline for testing or commercial rollout. SBI has previously issued the yen stablecoin JPYSC, launched by SBI Shinsei Trust Bank and introduced in collaboration with Startale Group, which had a circulation of approximately 20.1 billion yen (about 127 million USD) as of September 7. JPYSC is currently only available for use in SBI VC Trade accounts and cannot be transferred to external wallets. Its circulation on the public chain depends on legal and tax clarity and regulatory approval, and the parties have not indicated whether JPYSC will be included in this test.

first_img Four Pillars Researcher: Robinhood Chain has not disappeared

On October 20, researcher 100y from the cryptocurrency research institution Four Pillars published a response to external doubts: Robinhood Chain has not disappeared, its ecosystem remains resilient, and it is preparing for the next round of growth. The chain is set to launch on July 1, 2026, positioning itself as an on-chain financial network centered around tokenized stocks. The article states that Robinhood's cryptocurrency business revenue share dropped from 27.2% in the first quarter of 2025 to 12.6% in the first quarter of 2026.According to data from The Rollup, the chain's daily network fees on September 4 were approximately $8.27 million, compared to Robinhood's total cryptocurrency business revenue of about $100 million in the second quarter of 2026. After the market weakened and meme popularity cooled, fees fell by over 99% from their peak, with daily fees in mid-October around $30,000 to $40,000, less than 1% of the peak. 100y attributed the spike in fees to congestion in September: the chain uses the Arbitrum tech stack, and the base fee index rises when usage exceeds target processing capacity.As of the publication date, the on-chain Total Value Locked (TVL) is approximately $1.1 billion. The Steakhouse Financial curation and the Steakhouse USDG Vault supplying USDG to Morpho account for about half of this, with a scale of approximately $540 million and still rising, and around 75,000 deposit wallets. Stocks and ETFs account for more than half of the issued Real World Asset (RWA) tokens, with an associated outstanding value of about $150 million. The spot trading volumes on September 4 and October 7 were approximately $3.27 billion and $3.24 billion, respectively, and daily trading volumes have remained at least around $600 million to $700 million since then. Robinhood has strategically invested in the perpetual platform Lighter and Arcus. 100y stated that the next round of growth depends on the scale of the treasury and stock tokens, meme trading, perpetual activities after the points period, as well as more builders and new on-chain financial primitives.

Gate Gold Dog launches dual activities: Trade Robinhood chain tokens to draw mystery boxes, SOL chain trading competition unlocks up to 50,000 USDT airdrop

According to the official announcement, Gate Doge (Trenches) will hold the 67th Hot Coin Competition from October 19, 16:00 to October 22, 16:00 (UTC+8). After registering, users can trade all Robinhood chain tokens in the Doge area to earn chances for a blind box lottery based on their cumulative trading volume, sharing a total airdrop reward of 30,000 USDT.Users who did not register with an invitation code can earn 1 regular blind box lottery chance for every cumulative trade of 200 USDT, while users who registered with an invitation code can earn 1 premium blind box lottery chance for every cumulative trade of 500 USDT. Both types of users can earn a maximum of 12 lottery chances during the event, with a winning rate of 100%.At the same time, the Gate Doge SOL chain peak trading competition will be held from October 19, 18:00 to November 2, 16:00 (UTC+8). Users who register and trade SOL chain tokens in the Doge area can unlock an airdrop prize pool worth up to 50,000 USDT. Once the effective cumulative trading volume of all registered users reaches a certain threshold, the corresponding tier prize pool will be unlocked, based on the highest tier reached at the end of the event.In addition, users with an effective cumulative trading volume of 40,000 USDT can participate in the trading ranking, with the top 100 qualifying users receiving rewards, and the champion can win an airdrop worth up to 10,000 USDT.

Robinhood has over 150,000 people opening AI trading accounts, and the CEO envisions retail strategies close to the exchange

The CEO of the stock and cryptocurrency trading platform Robinhood, Vlad Tenev, stated in a recent interview that a significant portion of retail trading is expected to be initiated by AI in the future. The Agent can monitor the market around the clock and handle trades in various assets such as stocks, options, and cryptocurrencies, but most funds may still be held long-term.In May of this year, Robinhood allowed users to trade through third-party AI Agents via MCP, and at the end of September, it announced the direct integration of Agents into the App, with over 150,000 customers having opened dedicated trading accounts at that time. Currently, funds are still restricted through independent accounts; the Agent can view users' other account information but can only place orders within the dedicated account, and funds must be actively transferred by the user. Tenev stated that technically, it is not difficult to directly access the main account, but the company has chosen to gradually loosen permissions.In terms of approval settings, the built-in Agent requires users to approve each transaction by default, but this setting can be manually turned off; external Agents accessed through MCP do not require per-transaction approval by default, and users must enable approval themselves. Tenev also envisions allowing retail investors to deploy trading strategies on servers close to exchanges to reduce order delays, and hopes that ordinary investors can use such infrastructure without needing to understand data centers and network engineering. Robinhood has not yet provided this service and has not announced a timeline for its launch.

first_img Robinhood's social trading feature is open to qualified users in the United States and will be available on the Legend desktop platform

Robinhood announced that its social trading network is now open to all eligible users in the United States. CEO Vlad Tenev stated on October 13 that this feature is built into the app's information feed, centered around users' trades and performance. Users can follow other traders, view shared account activities, and initiate eligible trades directly from posts through the Quick trade feature. Tenev mentioned that Robinhood Social is now available to everyone, allowing users to share charts, profits and losses, and portfolio allocations, as well as receive news and company updates.This feature was previously tested starting on March 18, initially for 1,000 customers who attended the HOOD Summit, followed by an additional 10,000 in the subsequent weeks. The early version provided verified trading posts, daily and yearly profit and loss statistics, and the ability to place orders manually from the information feed; news feeds are part of future planning. Sharing is selective: trades will not be automatically published, and customers can choose which eligible trades to publish, as well as disable trading statistics in their profiles.Access and publishable content are restricted. Social is only available in the United States, and Robinhood excludes licensed securities professionals, individuals associated with regulated financial institutions, and the company's own employees. Its help page indicates that futures and multi-leg options trades currently do not meet publishing criteria. Tenev stated that Social will be coming to Robinhood's desktop trading platform Legend in the coming weeks.
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