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10 May 2021

WallStreetBets launches blockchain-powered app to decentralize indices » CryptoNinjas

WallStreetBets launches blockchain-powered app to decentralize indices » CryptoNinjas


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WallStreetBets, the grassroots movement that gained international prominence by bringing powerful hedge funds to their knees, announced today plans for using blockchain technology in a product aimed at combating market manipulation in traditional finance.

Prominent figures within the WallStreetBets community — which recently rocketed to fame by short squeezing GameStop through coordination on platforms like Telegram and Reddit — have been working with experts in blockchain and fintech technology to create what is known as exchange-traded portfolios, or ETPs.

“The amalgamation of blockchain technology with financial markets is the next logical step for finance — and not just for Wall Street but everywhere,” said Jaime Rogozinski, the founder of WallStreetBets and strategic partner of the WSB DApp project.

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