Robinhood Chain's Continuous Trading Creates Market Mismatch

The 24/7 nature of blockchain trading on Robinhood Chain has created an unusual market structure. While traditional stock markets have set trading sessions, blockchains do not sleep, allowing for continuous trading.

This setup leads to a mismatch between the onchain trading and traditional market liquidity. Onchain trading can continue even when the underlying securities' traditional markets are closed or less active.

As a result, premiums and discounts may arise due to thinner arbitrage opportunities, weaker price discovery, and larger price impacts.