CoinDesk Podcast Network
MARKETS DAILY: Crypto Update |Robinhood's Next Steps After Q3 Earnings
Oct 31, 2024
Johann Kerbrat, the General Manager of Robinhood Crypto, dives into the shifting crypto landscape post-Q3 earnings report. He reveals how Robinhood is responding to customer trends, especially their new political prediction markets. The conversation also touches on the launch of new assets in Europe and the growing interest in Bitcoin and Ethereum ETFs. Kerbrat emphasizes the importance of user feedback in adapting to Web3 and stresses the need for continuous education in the evolving digital assets space.
18:27
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Robinhood is diversifying its offerings with new event contracts for political prediction markets, responding directly to user feedback and desires.
- The current crypto landscape reveals a shift towards decentralized platforms, as retail traders become more hesitant and larger investors dominate market activity.
Deep dives
User Engagement in Crypto Trading
Robinhood serves a diverse user base in the crypto trading landscape, encompassing beginners and advanced traders. While newcomers utilize the platform to familiarize themselves with crypto assets, seasoned traders leverage advanced tools and charts for in-depth analysis. There is also a noticeable segment of users engaged in self-custody and decentralized finance (DeFi), moving their assets off the platform to explore broader opportunities. The introduction of bitcoin and Ethereum ETFs has significantly impacted trading behavior, leading to increased investments through brokerage accounts even without holding the underlying assets.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
