
Robinhood CEO: Crypto Tokenization Could Unlock Private Firm Investments for Retail Investors
Vlad Tenev recently noted the potential of crypto tokenization to allow retail investors to access private companies like OpenAI and SpaceX.
Vlad Tenev recently noted the potential of crypto tokenization to allow retail investors to access private companies like OpenAI and SpaceX.
Robinhood outlined its 2024 expense plan, which includes investments in new products such as a professional trader offering on its website, index options, and futures.
However, Robinhood CEO emphasized that even though the value of cryptocurrencies like Bitcoin is rising, they are still complicated and risky
Despite some setbacks, Robinhood remains committed to the crypto space.
In a bid to solve customers’ financial needs and expand its products, Robinhood is acquiring credit card company X1 in a cash deal.
Robinhood CEO Vlad Tenev said the trading app will continue to “deliver strong financial performance” following Q1 2023 report.
With Robinhood’s self-custodial wallet in beta testing since September, the company is poised to gain a bigger market share.
Tenev stated that Dogecoin’s throughput is about 40 transactions per second, based on a 1MB block size and a minute block time.
Robinhood revealed that the Monthly Active Users (MAU) increased by 76% to 18.9 million, compared to 10.7 million in the third quarter of 2020.
Earlier, the CEO of Robinhood Vlad Tenev revealed that the company is looking forward to exploring options that might accelerate their crypto proceedings.
Robinhood admitted that Dogecoin remains the most traded cryptocurrency on the platform. The crypto trading app is also willing to add a crypto wallet feature in the future.
The new announcement made by the Robinhood CEO provided no specifics on the crypto wallet launch.
Robinhood had earlier put buy limitations on approximately 13 equities including GameStop, Koss, Express, Nokia, Blackberry and others.
Last week, the SEC accused Robinhood of providing misleading information to its customers, which failed to disclose the revenue source of the trading app.
The free-trading and popular trading app platform Robinhood said that it is planning to introduce more security checks and eligibility requirements for higher-value options trading.