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DeFi in the spotlight as legacy brokerages break down

Published 01/28/2021, 01:48 PM
Updated 01/28/2021, 03:20 PM
DeFi in the spotlight as legacy brokerages break down

As legacy markets roil, brokerages break down and accusations of market manipulation fly, longtime decentralized finance adherents can’t help but say “I told you so” when it comes to the need for open, unstoppable, permissionless financial architecture.

Earlier today, popular trading app Robinhood took the possibly unprecedented step of disabling the buying functionality on certain tickers following a massive wave of retail interest in heavily shorted assets.

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