Unchained

Robinhood CEO Vlad Tenev and Paxos CEO Charles Cascarilla on How to Avoid Another GameStop - Ep.236

May 11, 2021

Vlad Tenev, Co-founder and CEO of Robinhood, teams up with Charles Cascarilla, Co-founder and CEO of Paxos, to dissect the financial chaos of the GameStop incident. They discuss the flaws in traditional financial infrastructure and advocate for a T+0 settlement system, arguing it could have changed the GameStop narrative. Vlad shares insights on Robinhood's crypto journey and operational strategies, while both leaders ponder the future balance between crypto and securities trading, emphasizing the need for innovation in financial technology.

50:40

Creator website

Episode guests

Charles Cascarilla

Vlad Tenev

AI Chapters

Episode notes

Intro

5min

Revisiting Financial Structures Post-Crisis

8min

The Future of Stock Settlement: T+0 and Beyond

11min

Advancements in Trading Settlement and Market Dynamics

5min

Revolutionizing Trade with T0 Settlement

8min

Navigating Cryptocurrency Trading

14min

In this discussion I moderated for Paxos, Robinhood CEO Vlad Tenev and Paxos CEO Charles Cascarilla discuss GameStop, the broken traditional financial infrastructure, and how blockchain technology may change the future of settlements. Show highlights:

why Robinhood stopped trading on GameStop and AMC stock earlier this year
what both Charles and Vlad think the feasibility of T+0 settlements versus Citadel’s and the DTCC’s aim of T+1 settlements
how the GameStop scenario would have been different in a T+0 environment
what it would look like if certain markets used T+0 settlements while others still settled on T+1
why Robinhood decided to add crypto back in early 2018
how Robinhood’s crypto operations work on the back end
why Robinhood does not allow users to move crypto off-platform
whether securities trading or crypto will be a larger portion of both Paxos’ and Robinhood’s business model
what Paxos and Robinhood have planned for the near future

Thank you to our sponsors!

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Episode Links:

People:

Charles Cascarilla

https://www.linkedin.com/in/charlescascarilla/

Coindesk Profile

https://www.coindesk.com/charles-cascarilla-most-influential-2020

Previous interview with Laura

https://unchainedpodcast.com/chad-cascarilla-on-paxoss-partnership-with-paypal/