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What is Robinhood Doing in Crypto? | Co-Founder Vlad Tenev

Bankless

Bankless

Technology, News, Tech News

4.71.2K Ratings

🗓️ 12 August 2024

⏱️ 68 minutes

🧾️ Download transcript

Summary

Robinhood is the world’s most successful FinTech trading company. They have already conquered TradFi. What are they targeting next?

In June, they announced the acquisition of Bitstamp, the oldest crypto exchange. They’re increasingly investing in crypto and we felt it was important to know their plans.

We brought the co-founder Vlad Tenev and we had a wide-ranging conversation covering topics like tokenization, Robinhood’s Wallet and L2, payment for orderflow and MEV, the SEC Wells Notice and much more.

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TIMESTAMPS

0:00 Intro
6:35 Why Crypto
12:28 Robinhood Consumer Base
15:45 The Crypto Transition
24:52 Bitstamp Acquisition
34:10 Robinhood Wallet
40:43 Robinhood L2?
45:11 Payments
53:09 Robinhood vs SEC
1:04:29 Orderflow Business Model
1:11:05 Current Crypto Cycle
1:14:06 Vlad’s Vision
1:15:20 Closing & Disclaimers

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RESOURCES

Vlad Tenev
https://x.com/vladtenev 

Robinhood Crypto
https://robinhood.com/eu/en/about/crypto/  

Robinhood Credit Card
https://robinhood.com/creditcard/  

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures  ⁠  

Transcript

Click on a timestamp to play from that location

0:00.0

In another sense, crypto is just like technology moving forward and it's part of a long running trend that has gone back multiple decades at this point and is kind of accelerating with AI of software sort of like systematically

0:16.0

reassembling the foundations of like all parts of society. Welcome to Bankless, where we explore the frontier of internet money and internet finance.

0:37.0

This is Ryan Todd Adams. I'm here with David Hoffman and we're here to help you become more bankless.

0:42.0

We have Vlad Tenoff on the podcast today. to help you become more bankless.

0:42.8

We have Vlad Tenoff on the podcast today.

0:44.9

He's the co-founder of Robin Hood,

0:46.3

which is one of the most successful FinTech companies,

0:49.2

I think, in living memory.

0:50.2

They've got 25 million different users, loss of accounts.

0:53.4

And what's interesting about Robin Hood is they're a TradFi company that's really increasingly

0:58.5

invested in crypto. They're kind of bridging both worlds.

1:01.4

And then in June they announced the acquisition of the

1:03.5

bit-stamped crypto exchange. That hasn't happened yet, but once that happens, that

1:07.5

would make them a fully-fledged crypto exchange. David and I felt it was

1:11.6

important to know their plans like what is Vlad doing in crypto what's his outlook on the space

1:16.2

So a few things we talk about the importance of crypto to Robin Hood's future

1:20.2

The Defi mullet thesis for Tradphi Adoption.

1:23.0

Tokenization.

1:25.0

The Bitstamp Acquisition.

1:26.0

Robin Hood's Layer 2 plans.

1:28.0

The SEC Wells notice that they received,

1:30.0

Payment for Order Flow and MEV,

...

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