This company’s RWA cannot truly comply in the U.S., but now it’s starting to get people used to trading U.S. stocks on-chain using DEX. Earlier, HOOD’s market maker rebate income wasn’t just limited to crypto—it extended to a significant increase in bid-ask income from stocks, which can indirectly boost the take rate for stock trading. This is the path of truly excellent companies. Some leading exchanges make the most money from ‘air money,’ essentially cutting into the existing retail traders’ funds.