TechRobinhood rejects AMC’s call to stop trading its AMC-linked token, CryptoSlate reports
Token holders hold debt issued by a Robinhood affiliate—not AMC shares—and have no voting or direct shareholder rights, CryptoSlate reports.
TLDR
CryptoSlate reports that AMC wants Robinhood to stop trading its AMC-linked token, but Robinhood says it won’t. The outlet says holders do not own AMC shares. Instead, they hold debt issued by a Robinhood affiliate that tracks AMC’s economics, with no voting or direct shareholder rights.
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Robinhood rejects AMC’s call to stop trading its AMC-linked token, CryptoSlate reports
Token holders hold debt issued by a Robinhood affiliate—not AMC shares—and have no voting or direct shareholder rights, CryptoSlate reports.