Arca CIO Jeff Dorman says Binance and Hyperliquid are now effectively stock trading platforms as traders move away from failed crypto assets "We've had a ton of experiments over…
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Arca CIO Jeff Dorman says Binance and Hyperliquid are now effectively stock trading platforms as traders move away from failed crypto assets "We've had a ton of experiments over the last 15 years in …
Arca CIO Jeff Dorman says Binance and Hyperliquid are now effectively stock trading platforms as traders move away from failed crypto assets "We've had a ton of experiments over the last 15 years in crypto, most of which have failed, right? Social trading has failed miserably, gaming, NFTs, all this stuff has failed." "The only 3 things that are clearly up and to the right and without a doubt growing are stablecoins and payments, undeniably. Even with the recent blip post the Binance hack where stablecoin AUM has fallen $15 billion, over a longer time horizon, AUM of stablecoins is growing and payments and transactions are definitely growing, right?" "All of Wall Street is now in this, all the banks are looking at this. Stablecoins and payments are not going away. That's use case number 1." "Use case number 2 is the tokenization of assets, right?" "Even Binance and Hyperliquid are effectively just stock trading platforms now, because people have just largely stopped trading the nonsense crypto assets that haven't amounted to anything." "The third use case is DeFi, which ties all of that together. DeFi used to be less than 1% of total crypto transactions relative to Coinbase and Binance and the centralized exchanges. Now DeFi transactions are 25% of all volume, and that's just going to continue to grow."
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