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OpenSea Confirms Upcoming Token Airdrop, Expands to Crypto Trading

Popular non-fungible token (NFT) marketplace OpenSea said Thursday that it is expanding its platform to crypto trading and confirmed it is planning to distribute SEA tokens to users. The trading platform called OS2 has launched today, and aggregates marketplaces, allows cross-chain purchasing and offers lower fees in the beginning, according to the protocol`s press release . "This represents an expansion of OpenSea from an NFT marketplace to a much broader platform for trading all types of digital assets," said Devin Finzer, Co-founder and CEO of OpenSea. "We think tokens and NFTs belong together in a single, powerful, delightful experience." OpenSea Foundation, the Cayman Islands-based development organization behind the protocol, will also distribute SEA tokens offering utility on the OS2 platform. While details and date of the airdrop remain undisclosed, OpenSea has confirmed that SEA will recognize both active users and those who have been part of the platform since its early days. US users will be included in the airdrop. OpenSea has said that SEA’s utility will be focused on long-term engagement rather than short-term speculation. The platform`s monthly trading volume is down significantly from a $5 billion peak in early 2021, having facilitated trading of $190 million worth of NFTs last month. The platform’s annualized revenue stands at $33 million, according to Dune Analytics data . CoinOtag

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Robinhood Reports Record $1 Billion in Q4 Revenue, Crypto Trading Soars

Robinhood posted record-breaking Q4 revenue of $1.01 billion, driven by a 500% surge in cryptocurrency transaction fees. Crypto trading revenue hit $358 million, marking the company’s strongest quarter yet in digital assets. Crypto Trading Drives New Revenue Record for Robinhood Robinhood has reported a record-breaking fourth quarter, with total revenue reaching $1.01 billion, up 37% CoinOtag