3 Interesting Benefits of Blockchain and How It Can Change Finance
On Thursday, January 28th, Robinhood received a request for $3 billion in collateral from the Depository Trust & Clearing Corporation (DTCC). This prompted the broker to halt purchases of GameStop shares on its trading platform in order to reduce the size of the collateral desired by the DTCC. In the aftermath of this incident, Robinhood has been rallying for a move away from the current T+2 standard for settlement of trades to instantaneous settlement. This is because the DTCC collateral requirement…
