Nansen CEO: If Robinhood issues coins, it will weaken stock value, L2 strategy focuses on technology

Comparing news, Alex Svanevik, CEO of blockchain data analysis agency Nansen, said in a recent interview that Robinhood is unlikely to launch a token because it may compete with its listed company HOOD stock. Previously, the market speculated that Robinhood might follow some crypto projects to launch ecological tokens, but at present, the company is more likely to use blockchain as an underlying technology tool rather than establish a business system around tokens.

Alex Svanevik pointed out that the Layer 2 network currently launched by Robinhood already operates on the Ethereum ecosystem and has gas tokens to pay network fees, so there is no need to issue an additional platform token. The core purpose of Robinhood's blockchain infrastructure is to use blockchain technology to enhance product capabilities, rather than to finance or build a new economic model by issuing tokens.

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