Lots of takes on the timeline about Robinhood choosing to use Bitstamp in their main app for perps and not Lighter. Here are my thoughts... Right now, the long term mega-win for perp coins is US regulatory approval. When it comes to that, nothing has changed today. All indications seem to point to the CFTC being open and willing to give a decentralized perp exchange a license. Once that happens and you combine it with a decentralized exchange which has infinite user and capital reach across the globe, superior technology will win. The only real moat centralized players have had over the past decade is on the regulatory side. I think we will see a lot of the TradFi players who have had to choose wonky exchange/license setups for perps so far switch over to DEXs once they get their license. My bet remains with the decentralized perp players. Always bid on max FUD days. HYPE + LIT and chill