Robinhood has run into trouble with the United States Securities and Exchange Commission (SEC), leaving room for ETFSwap (ETFS), a new crypto and ETF trading platform, to take over as the better option.
The SEC has been on a roll with lawsuits against multiple crypto enterprises, leaving a bearish overhang on the market. The agency has negatively impacted market price action in the past year, and the Wells Notice to Robinhood could be another negative sign to market makers.
Amid the uncertainties around crypto regulations, investors are seeking more stable and reliable forms of crypto investments to buy into.
Robinhood Becomes The Lastest Firm To Receive A Wells Notice From The SEC
Robinhood is the latest firm to receive a threat of legal action from the Securities and Exchange Commission (SEC). It joins Consensys, MetaMask, and Uniswap Labs, which recently received a Wells Notice from the agency.
Robinhood Crypto is the digital asset arm of the Robinhood platform, which is mainly popular for stock trading. The firm had initially received an investigative subpoena from the SEC in February 2023, which looked into its crypto listings, custody practices for storing customer assets, and more.
Later, in June of the same year, the exchange delisted Cardano (ADA), Polygon (MATIC), and Solana (SOL) after the SEC pressed charges against Binance and Coinbase.
However, Robinhood has joined other crypto firms, including Kraken, which have chosen to fight back against the SEC in court and claim that the assets listed on its platform are not securities. The firm has stated that it looks forward to engaging with the SEC to clarify how weak any case against Robinhood Crypto would be in terms of facts and the law.
Furthermore, this event mirrors the multiple lawsuits the SEC filed about a year ago. The lawsuits contributed to a prolonged bear rally, and investors are looking for safer investment options as the regulator aggressively files lawsuits again.
Meanwhile, ETFSwap (ETFS) provides shelter against market volatility and could secure investors’ massive gains.
ETFSwap (ETFS) Is The Better Crypto Trading Platform
ETFSwap (ETFS) is a new platform for ETF and crypto trading on the blockchain. Leveraging the blockchain enables a broader use case for ETF investments and allows for easy portfolio diversification. ETFSwap (ETFS) will offer global accessibility to ETFs from several industries, such as health, technology, cryptocurrencies, etc.
ETFs are believed to offer a more stable form of investment, so by allowing crypto investors to gain exposure to assets outside the crypto market, the platform enables users to have better control of their investments. These tokenized ETFs are backed by real securities purchased from the traditional markets, integrating this unique model by collaborating with MiCa-compliant regulated investment banks that deal in crypto and securities trading.
Furthermore, ETFSwap (ETFS) will offer quick crypto-to-ETF swaps, quick settlements, lower costs, permissionless trading, access to liquidity, and multiple other benefits investors do not enjoy by trading the traditional finance markets. ETFSwap (ETFS) establishes itself as a first mover in the market for tokenized and real-world assets, which is projected to be worth $10 trillion by 2030.
Given its vast utilities, ETFS, the native token of the ETFSwap platform, has emerged as a safer investment pick as crypto enthusiasts seek crypto assets offering stability and exciting growth potential. This new Ethereum-based token is still on presale, where the value is not affected by market factors. The ETFS token is hugely undervalued on presale, and the low entry price of $0.00854 prepares investors for massive upsides, which is a usual profit margin to look out for on presales.
The ETFSwap (ETFS) presale barely started and has already sold out over 60 million tokens to raise more than $400,000 in Stage 1 alone. The project had previously completed a private funding round to institutional and angel investors, which raised over $750,000, highlighting the interest of smart money in this budding idea.
Get in now and buy ETFS for $0.00854 before the price increases to $0.01831 on Stage 2.
For more information about the ETFS Presale:
