Bankless

Robinhood's Crypto Pivot with Vlad Tenev, Co-Founder, CEO

May 19, 2022
Vlad Tenev, the Co-founder and CEO of Robinhood, shares exciting insights about the company’s pivot towards crypto and web3. He discusses the launch of Robinhood 3, focusing on its new non-custodial wallet designed to empower users with self-custody. Tenev addresses how this shift will enhance the trading experience while integrating decentralized finance. The conversation also touches on potential challenges and Robinhood's strategy in a rapidly evolving market, emphasizing a commitment to accessibility for all crypto users.
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ANECDOTE

Vlad's Early Bitcoin Experience

  • Vlad Tenev mined Bitcoin with a CPU in 2011.
  • He witnessed Bitcoin being declared "dead" multiple times, only to see it recover.
INSIGHT

Robinhood 3 Launch

  • Robinhood is launching a self-custody wallet called "Robinhood 3".
  • This wallet aims to simplify onboarding, maintain security, and offer a streamlined user experience.
INSIGHT

Robinhood 3 Meaning

  • The "3" in Robinhood 3 represents the third evolution of Robinhood.
  • The first was equities trading, the second was custodial crypto trading, and the third is self-custody.
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