Trading

As stated in the Gate announcement, following the phased unlocking of OPENAI, it will become available in the Pre-IPOs Zone Pre-Market, where users can utilize the temporary trading code and corresponding circulating supply. Once the target company completes its IPO, the assets for this tranche will be subject to a six-month lock-up period. Upon expiration, users may redeem for stock assets, tokenized stocks, or USDT based on the post-listing share price through the exclusive page. If the IPO has not occurred by December 31, 2035, or in the event of an acquisition, merger, or bankruptcy, settlement will be conducted in USDT at the fair market value of common stock. At no point does this product represent actual OpenAI equity.

Participation in OpenAI does not automatically grant ownership of company shares. The OPENAI asset certificates disclosed by Gate are mirror notes and contingent payment notes issued prior to the IPO, intended to track market value before and after the listing. Holders do not possess actual OpenAI shares, are not listed in the shareholder register, and have no voting or dividend rights. OpenAI has not participated in, authorized, or endorsed this product, and does not receive any proceeds from fundraising.

OpenAI is an artificial intelligence research company specializing in enterprise software and data intelligence, delivering efficiency and system construction solutions via language models and related technologies. Headquartered in San Francisco, United States, OpenAI operates at the forefront of innovation. When considering “OpenAI-related exposure,” it is essential to differentiate between actual equity, private placements or fund structures, and platform-disclosed value-mapped products. The OPENAI Actifs certificate offered through Gate Pre-IPOs is defined as a mirror note and/or contingent payment note, and does not constitute actual shares or equity in OpenAI.

The risk assessment baseline for OPENAI is: this is a mirrored note and/or contingent payment note disclosed by Gate, not OpenAI equity. Holders have no voting rights, dividend entitlements, or legal relationship with OpenAI. Fluctuations in pre-listing valuation, pre-IPO liquidity, account and regional restrictions, and the treatment of IPO, mergers and acquisitions, bankruptcy, and liquidación al vencimiento in 2035, will all impact the rights and results that may be asserted.

Gate announced that the OPENAI subscription offers separate pools for USDT and GUSD, with a total supply of 27,700 units at a fixed price of 1 OPENAI = 722. Allocation is determined by the average hourly locked amount percentage over the 48-hour subscription period, not just the submitted amount. Allocation vouchers will be unlocked in three phases: 25%, 35%, and 40%. The subscription is for a mirrored note and does not represent ownership of OpenAI stock.

The core workflow for trading HOOD using USDT on Gate Stocks involves verifying account and stock permissions, ensuring available USDT, searching for the HOOD ticker, confirming the company name Robinhood Markets, Inc., choosing the order type, and reviewing your positions and historical orders after execution. While the trading process ensures operational accuracy, a thorough understanding of the asset requires analysis of its revenue structure, regulatory exposure, and differences within the industry.

Robinhood Markets, Inc. (NASDAQ: HOOD) and Coinbase Global, Inc. (NASDAQ: COIN) have fundamental differences: HOOD operates as a multi-asset retail broker, generating revenue primarily from trading activity, net interest, and Gold subscriptions. In contrast, COIN is a platform specializing in digital asset trading and custody, with revenue streams concentrated in crypto trading fees and subscription services. While both companies engage with crypto assets, their asset allocation and regulatory structures differ significantly.

A transaction achieves rapid, repeatable confirmation on Espresso Network through these steps: The user or application submits the transaction to the Rollup sequencer → The authorized sequencer forwards the block to Espresso → Validators finalize BFT confirmation via HotShot in a matter of seconds → Espresso-confirmed blocks are accessible to other chains, bridges, and applications, while L1 final settlement proceeds as usual.

Robinhood Markets, Inc. (NASDAQ: HOOD) derives its revenue mainly from transaction-based income, net interest income, and subscription fees. Transaction-based income and payment for order flow (PFOF) are tied to various trading activities. Net interest is generated from margin, cash balances, and securities lending, while Robinhood Gold offers recurring subscription revenue. The product suite includes stocks, options, futures, event contracts, and crypto. The zero-commission model does not alter the revenue recognition principles described above.

Robinhood Markets, Inc. (NASDAQ: HOOD) is a US-based fintech company focused on retail, publicly traded, and provides access to stocks, ETFs, options, futures, event contracts, and cryptocurrency trading through its subsidiaries, as well as the Robinhood Gold subscription and related banking and credit products. The company’s core offering is a mobile-first retail brokerage platform, giving users entry to multiple asset classes—stocks, options, futures, event contracts, and cryptocurrencies—with supporting subscription, banking, and credit services. HOOD generates revenue primarily from transaction fees, net interest income, and subscription charges, and operates under layered regulatory oversight for both brokerage and crypto activities. The HOOD stock and the Robinhood Chain on-chain network are distinct assets and not interchangeable.

As AI Agents develop the capability to autonomously execute tasks, pay service fees, and conduct commercial transactions, the need for trust mechanisms between machines is rapidly growing. Kustodia has announced the official launch of its AI Agent Escrow infrastructure and MCP toolkit, empowering artificial intelligence Affiliés to independently create, manage, and complete smart contract escrow workflows. This innovation addresses the absence of an asset custody layer in the native AI payment ecosystem.

As AI Agents progress from simple conversational assistants to digital Affiliés capable of autonomous planning, executing tasks, and conducting transactions, AI is shifting from merely providing information to actively participating in real business processes. The scope of AI Agent applications is expanding rapidly—from purchasing APIs and commissioning data analysis to enabling cross-platform service collaboration. However, as AI gains the ability to independently initiate transactions, critical issues arise for the AI economy: how to securely manage funds, confirm service fulfillment, and automate payments once conditions are met.

As AI Agents gain the ability to independently call APIs, purchase computing resources, and delegate tasks to other AI Agents, AI-native Commerce is steadily evolving into a comprehensive trading ecosystem. Within this trend, Payment and Escrow have emerged as two essential foundational capabilities. x402 is committed to enabling rapid Machine-to-Machine payments for AI, while Kustodia specializes in service-based transactions that require verification of deliverables, offering smart contract escrow and conditional payment mechanisms. While both serve as integral components of the AI payment infrastructure, each addresses distinct facets of the overall challenge.

MiCA Article 61 states that when an EU-based user independently initiates contact, a third-country crypto-asset service provider may provide the specifically requested crypto-asset services to that user without needing Article 59 approbation. However, if any solicitation, promotion, or advertising occurs, this exemption does not apply. ESMA guidelines mandate a strict interpretation of this exception and do not allow it as a compliant pathway for systematically serving the EU marché.

MiCA (Markets in Crypto-Assets Regulation) and the U.S. SEC (Securities and Exchange Commission) represent the two most influential cryptocurrency regulatory frameworks worldwide. MiCA establishes a unified, EU-wide regulatory framework for crypto-assets through comprehensive legislation, while the SEC primarily oversees and enforces digital assets under existing securities laws. The two models differ significantly in regulatory philosophy, exchange licensing, stablecoin rules, and the classification of crypto-assets.