Vlad Tenev is a famend crypto bull and is doubling down on his stance that crypto is ready to take over conventional monetary markets.
Monetary companies big Robinhood continues to double down on its pro-crypto posture as its CEO, Vlad Tenev, tells CNBC that crypto will ultimately exchange conventional markets.
Tenev instructed that as a substitute of taking a look at crypto as a market of property that may be traded or invested in, it must be seen as an infrastructure layer.
“I do suppose that [for] crypto itself, there’s two methods to have a look at it. One is a tradable asset like choices, futures, and equities, the opposite is on the basic underlying expertise. Within the second lens, it is the subsequent stage in evolution. We’ve gone from paper and pencil, submitting cabinet-based monetary companies, to mainframe, to on-premise, and extra lately cloud; now crypto is the subsequent stage in that,” mentioned Tenev.
Robinhood first launched Bitcoin and Ethereum to its shoppers in 2018, and went on to change into the popular buying and selling platform for retail merchants in the course of the 2021 cycle, when customers flocked to purchase property like Dogecoin.
The corporate additionally has its personal self-custodial crypto pockets and launched a crypto deposit match program yesterday, which presents clients a 1% match on crypto deposits to the platform. This transfer despatched the inventory hovering greater than 6% on the day, with HOOD inventory now up greater than 11% over the past 5 enterprise days and 95% for the reason that starting of 2025.
Robinhood can also be reportedly creating a 24/7 market for buying and selling tokenized shares in Europe on both Arbitrum, Ethereum, or Solana. If permitted, the transfer would mark a significant milestone for the corporate because it outpaces crypto-native entities which can be additionally working to supply tokenized inventory buying and selling, akin to Coinbase and Hyperliquid.
