HOODX: Robinhood Stock Goes On-Chain, Enabling 24/7 Market Access

What is HOODX? Why is it worth paying attention to?

HOODX is the on-chain mapped asset of Robinhood Markets, Inc.’s stock price. Issued by a compliant issuer through Solana and Ethereum standards, it is essentially a price tracking certificate that does not represent physical ownership of the stock. Holding HOODX does not imply ownership of Robinhood shares, but it can reflect the fluctuations of Robinhood’s stock price in real-time, allowing investors to participate in the market trends of this popular fintech company on-chain.

As digital assets gradually move towards the mainstream, the emergence of HOODX provides crypto users who wish to participate in the price fluctuations of real assets with a compliant and convenient new way.

Overview of Robinhood’s current market performance

As a pioneer of the “zero-commission trading” revolution, Robinhood remains the focus of young investors and Web3 users. Its ongoing efforts to promote the expansion of crypto wallets, derivatives platforms, and capital strategies such as stock buybacks inject new vitality into the market.

Recently, Robinhood’s stock price has steadily risen under the influence of the broader market, with market sentiment relatively positive. Coupled with the stable growth of the platform’s business and optimized asset allocation, the on-chain performance of HOODX has also attracted more user attention.

The trading advantages and strategy applications of HOODX

HOODX is not just a price tracking tool, but a powerful instrument for strategic trading.

• Round-the-clock trading: No need to wait for the market to open, on-chain trading 24/7 without interruption;
• Flexible leverage: supports 1 - 10 times leverage, easily go long or short;
• USDT Settlement: Trade using stablecoins to lower the entry threshold for fiat currency.
• No complicated account opening: No need for a US stock account, operations can be done directly on the chain.
• On-chain verifiable, transparent and public: all holdings and transaction history can be verified on-chain, eliminating any hidden manipulations.

This mechanism makes HOODX a flexible bridge connecting traditional finance and DeFi.

Experience HOODX on the Gate platform: easy to operate, abundant opportunities.

The Gate xStocks section gathers a variety of high-quality tokenized assets, including GOOGLX, TSLAX, MSTRX, etc. HOODX, as one of the popular targets, is favored by many investors.

Users only need to:

1. Log in to the Gate platform;
2. Enter the [xStocks Zone];
3. Choose HOODX, set the leverage multiple and direction (long/short);
4. Place orders using USDT and participate in trading in real time.

In addition, the ongoing xStocks special area activity by Gate offers daily trading rewards, volume sharing, first-order incentives, and other benefits, allowing users to earn rewards while trading, thereby enhancing user activity and profit potential.

Summary: HOODX is one of the optional entry points for future investments.

As tokenized stocks gradually become an important part of blockchain, HOODX offers a lightweight, flexible, and round-the-clock investment method, especially suitable for users who want to seize the price fluctuation opportunities of Robinhood stocks but find it inconvenient to participate in the traditional securities market.

The existence of HOODX not only allows Web3 investors to get closer to the real market but also promotes the popularization of traditional asset trading on the blockchain. Head over to Gate xStocks now to experience the new investment methods brought by HOODX.