Why Robinhood CEO Vlad Tenev Is Betting Big on Crypto, Stablecoins, and Prediction Markets - Ep. 754

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In this episode of Unchained, Robinhood CEO Vlad Tenev offers a rare glimpse into the company’s strategy. How did memes like Dogecoin become one of Robinhood’s biggest assets, onboarding millions of users? What drove its decision to embrace stablecoins, staking, and a dedicated crypto wallet—and what risks do these moves carry?

As Europe’s MiCA regulations set the stage for a global crypto framework, Vlad discusses how Robinhood is positioning itself for growth, the role of prediction markets, and why blockchain could dramatically lower costs for investors. He also shares personal insights from his own experiences with hyperinflation, revealing how stablecoins might safeguard wealth for millions around the world.

With crypto ETFs, regulatory shifts, and a new administration looming, here’s what he thinks is next for Robinhood—and the crypto industry.

Show highlights:

• How Robinhood has been experiencing growth in the crypto retail market
• The effect of election night and Robinhood’s event contracts on trading volumes
• What Robinhood saw happened with the launch of spot ETFs in the U.S.
• How the exchange was able to attract crypto investors
• The role of MiCA in Robinhood allowing users to stake ETH and SOL
• How the company aims to enhance the user experience with the Robinhood wallet
• Why Robinhood decided to invest in Global Dollar Network, which has stablecoin USDG
• What’s on Vlad’s crypto regulation wish list under the new administration and Congress
• Whether the criteria to list crypto assets on Robinhood will change under a crypto-friendly Trump administration
• Why Vlad is so excited about prediction markets
• Why he sees blockchain technology as a tool that will ultimately help users

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

• Polkadot
• Kelp DAO

Guest

• Vlad Tenev, CEO of Robinhood

Links

• Unchained: Why Robinhood, a TradFi Hub, Is Growing Its Crypto Business Globally
• Reuters: Robinhood's top attorney Gallagher rules out SEC chair role
• Robinhood Reports Third Quarter 2024 Results
• Robinhood to Acquire Bitstamp
• Spot Bitcoin ETF Options: Why You 'Can't Overstate' Their Importance
• The Legend Awakens: Introducing Robinhood Legend, Futures Trading, and Index Options
• Finimize: Robinhood, Kraken, And Partners Launch New Stablecoin USDG - 
• Decrypt: Robinhood Launches US Presidential Election Prediction Market—For Americans Only

Timestamps 

• 00:00 Intro
• 02:43 Robinhood’s growth in the crypto retail market
• 05:05 Election night’s surprising impact on trading volumes
• 07:11 What Robinhood observed after U.S. spot ETF launches
• 11:56 How the platform attracted millions of crypto investors
• 16:49 MiCA’s role in enabling ETH and SOL staking on Robinhood
• 19:09 Enhancing user experience with the Robinhood wallet
• 21:32 Why Robinhood is betting on stablecoins
• 25:37 Vlad’s crypto regulation wish list from the new administration
• 30:05 Will Robinhood change its crypto listing criteria?
• 32:18 Vlad’s excitement about prediction markets
• 36:12 How blockchain could lower costs and empower users
• 41:21 News Recap

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