4.2 Billion Acquisition of Equiniti: Bullish Bets on the Trillion-Dollar RWA Blue Ocean | Bee Network
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Original Compilation: Chopper, Foresight News Those trading apps that gained popularity with commission-free trades, fractional shares, and meme stocks, touting “financial democratization,” are now moving towards elitism. Robinhood, eToro, Revolut, and Public.com were once stereotyped as platforms for “young people trading from their parents’ basements.” Today, these brokerages are offering investors airport lounge access, exclusive dinners, and F1 viewing privileges. They are launching premium credit cards with annual fees of $695, providing dedicated elite concierge services for clients with million-dollar account balances, and venturing into complex tax planning, wealth management, and even trust accounts to compete with traditional legacy institutions. A few months ago, when 29-year-old David Easterwood used his hefty 17-gram Robinhood Gold card to buy a cowboy hat, the clerk told him, “You must be rich.” And he…# Analysis# crypto# defi# Exchange# Market# TokenPre
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- On May 5, US-listed crypto asset platform Bullish reached a definitive agreement with private equity firm Siris Capital to acquire Equiniti for a total consideration of $4.2 billion. The transactio...