Robinhood CEO Vlad Tenev: Operating A Crypto Business Has 'Undeniable' Advantages

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Robinhood CEO Vlad Tenev: Operating A Crypto Business Has 'Undeniable' Advantages

Benzinga11-13

Robinhood HOOD CEO Vlad Tenev on Tuesday emphasized that operating a cryptocurrency business is significantly more cost-effective than running traditional financial services, providing a substantial ...

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setia100
·11-13
Just Do It ,❗❗❗❗ Robin❗Hook on it fast n don't go under the hood ❗😂. It brings value to shareholders.🤔
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'Undeniable' Advantages\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 00:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/11/41910602/robinhood-ceo-vlad-tenev-operating-a-crypto-business-has-undeniable-advantages><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Robinhood HOOD CEO Vlad Tenev on Tuesday emphasized that operating a cryptocurrency business is significantly more cost-effective than running traditional financial services, providing a substantial ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/11/41910602/robinhood-ceo-vlad-tenev-operating-a-crypto-business-has-undeniable-advantages\">Source 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Digital Assets event on Nov. 19, where industry leaders are set to discuss the regulatory landscape and the next phases of growth for digital assets.\nRead Next: \n\nBitcoin ETFs Post Record $1.1 Billion Inflow: What Is Going On?\n\nImage: ShutterstockMarket News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. 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It brings value to shareholders.🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370549952159976","repostId":2483003395,"repostType":2,"repost":{"id":"2483003395","pubTimestamp":1731429223,"share":"https://ttm.financial/m/news/2483003395?lang=&edition=fundamental","pubTime":"2024-11-13 00:33","market":"us","language":"en","title":"Robinhood CEO Vlad Tenev: Operating A Crypto Business Has 'Undeniable' Advantages","url":"https://stock-news.laohu8.com/highlight/detail?id=2483003395","media":"Benzinga","summary":"Robinhood CEO Tenev highlights the cost efficiency and other benefits of operating a cryptocurrency business, anticipating increased adoption globally.","content":"<html><body><div itemprop=\"articleBody\" itemscope=\"\" itemtype=\"https://schema.org/Article\"><div><p><strong><a href=\"https://laohu8.com/S/HOOD\">Robinhood</a></strong> <span>HOOD</span> CEO <strong>Vlad Tenev</strong> on Tuesday emphasized that operating a cryptocurrency business is significantly more cost-effective than running traditional financial services, providing a substantial advantage that he described as “undeniable.”</p>\n<p><strong>What Happened: </strong>\"It costs us roughly an order of magnitude less to operate a cryptocurrency business and offer the exchange of assets than it does on the TradFi side,” Tenev said in an interview with CNBC, highlighting the operational efficiencies that crypto brings compared to traditional finance.</p>\n<p>This cost advantage, he explained, extends to other benefits, including user experience improvements like fractionalization and 24-hour trading, which enhance customer value.</p>\n<p>Since <strong>Donald Trump</strong>'s win, the market has witnessed a surge that's been coined the \"Trump pump,\" driven by optimism around the new administration's intentions to establish the U.S. as a global center for cryptocurrency innovation.</p>\n<p>Trump's team has expressed a desire to embrace cryptocurrencies and create a regulatory framework conducive to the industry's growth, sparking a wave of interest and speculation in the crypto sector.</p>\n<p>Many hope the new administration will shift away from the SEC's enforcement-based regulatory approach, which has stifled crypto activity domestically, pushing innovation offshore.</p>\n<figure><img decoding=\"async\" height=\"250\" loading=\"lazy\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif\" width=\"300\"/></figure>\n<p><strong>Also Read: Raoul Pal Predicted Bitcoin To Hit $250,000—But He Thinks Ethereum Could Outperform Under Donald Trump’s Administration</strong></p>\n<p>\"The Trump administration has stated that they wish to embrace cryptocurrencies and make America the center of cryptocurrency innovation worldwide,\" Tenev noted, pointing to the regulatory shift anticipated under Trump's leadership.</p>\n<p>He also highlighted the evolution of cryptocurrencies within financial systems outside the U.S. stablecoin adoption overseas, he said, has even overtaken <a href=\"https://laohu8.com/S/V\">Visa</a> in some measures as a leading contributor to blockchain transaction volumes, underscoring crypto's potential to merge with traditional finance on a global scale.</p>\n<p>Tenev said that this shift could bring greater adoption for stablecoins and the expansion of tokenization, as they become increasingly practical and secure in global markets.</p>\n<p>With Robinhood’s experience in both traditional finance and crypto, Tenev observed how the efficiencies of blockchain technology directly benefit customers. </p>\n<p>As regulatory changes and lower operational costs converge, these factors could accelerate the use of cryptocurrencies, as Robinhood and other platforms develop more cost-effective and customer-friendly crypto solutions.</p>\n<p><strong>What’s Next: </strong>Tenev's insights will be further explored at Benzinga's Future of Digital Assets event on Nov. 19, where industry leaders are set to discuss the regulatory landscape and the next phases of growth for digital assets.</p>\n<p><strong>Read Next: </strong></p>\n<ul>\n<li><strong>Bitcoin ETFs Post Record $1.1 Billion Inflow: What Is Going On?</strong></li>\n</ul>\n<p><em>Image: Shutterstock</em></p></div>Market News and Data brought to you by Benzinga APIs<p>© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</p></div></body></html>","source":"Benzinga","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood CEO Vlad Tenev: Operating A Crypto Business Has 'Undeniable' Advantages</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood CEO Vlad Tenev: Operating A Crypto Business Has 'Undeniable' Advantages\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 00:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/11/41910602/robinhood-ceo-vlad-tenev-operating-a-crypto-business-has-undeniable-advantages><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Robinhood HOOD CEO Vlad Tenev on Tuesday emphasized that operating a cryptocurrency business is significantly more cost-effective than running traditional financial services, providing a substantial ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/11/41910602/robinhood-ceo-vlad-tenev-operating-a-crypto-business-has-undeniable-advantages\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://www.benzinga.com/files/images/story/2024/11/12/Robinhood-Markets-Inc-.jpeg","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/24/11/41910602/robinhood-ceo-vlad-tenev-operating-a-crypto-business-has-undeniable-advantages","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2483003395","content_text":"Robinhood HOOD CEO Vlad Tenev on Tuesday emphasized that operating a cryptocurrency business is significantly more cost-effective than running traditional financial services, providing a substantial advantage that he described as “undeniable.”\nWhat Happened: \"It costs us roughly an order of magnitude less to operate a cryptocurrency business and offer the exchange of assets than it does on the TradFi side,” Tenev said in an interview with CNBC, highlighting the operational efficiencies that crypto brings compared to traditional finance.\nThis cost advantage, he explained, extends to other benefits, including user experience improvements like fractionalization and 24-hour trading, which enhance customer value.\nSince Donald Trump's win, the market has witnessed a surge that's been coined the \"Trump pump,\" driven by optimism around the new administration's intentions to establish the U.S. as a global center for cryptocurrency innovation.\nTrump's team has expressed a desire to embrace cryptocurrencies and create a regulatory framework conducive to the industry's growth, sparking a wave of interest and speculation in the crypto sector.\nMany hope the new administration will shift away from the SEC's enforcement-based regulatory approach, which has stifled crypto activity domestically, pushing innovation offshore.\n\nAlso Read: Raoul Pal Predicted Bitcoin To Hit $250,000—But He Thinks Ethereum Could Outperform Under Donald Trump’s Administration\n\"The Trump administration has stated that they wish to embrace cryptocurrencies and make America the center of cryptocurrency innovation worldwide,\" Tenev noted, pointing to the regulatory shift anticipated under Trump's leadership.\nHe also highlighted the evolution of cryptocurrencies within financial systems outside the U.S. stablecoin adoption overseas, he said, has even overtaken Visa in some measures as a leading contributor to blockchain transaction volumes, underscoring crypto's potential to merge with traditional finance on a global scale.\nTenev said that this shift could bring greater adoption for stablecoins and the expansion of tokenization, as they become increasingly practical and secure in global markets.\nWith Robinhood’s experience in both traditional finance and crypto, Tenev observed how the efficiencies of blockchain technology directly benefit customers. \nAs regulatory changes and lower operational costs converge, these factors could accelerate the use of cryptocurrencies, as Robinhood and other platforms develop more cost-effective and customer-friendly crypto solutions.\nWhat’s Next: Tenev's insights will be further explored at Benzinga's Future of Digital Assets event on Nov. 19, where industry leaders are set to discuss the regulatory landscape and the next phases of growth for digital assets.\nRead Next: \n\nBitcoin ETFs Post Record $1.1 Billion Inflow: What Is Going On?\n\nImage: ShutterstockMarket News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}