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Tuesday, February 27, 2024
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Robinhood's Tenev Teases EU Expansion, Addresses Relisting Delisted Tokens Like Cardano, MATIC And Solana

Vlad Tenev, CEO of Robinhood Markets Inc (NASDAQ:HOOD), was asked about the performance of the cryptocurrency market, specifically regarding Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), during the third quarter earnings call on Tuesday. 

What Happened: He acknowledged that while there has been stronger performance in these cryptocurrencies, the volume trends have remained relatively subdued both industry-wide and on the Robinhood platform.

"I think it’s hard for me to speculate on activity predictions and the broader cryptocurrency market. We’re focused on using this as an opportunity to build our capabilities, build the platform. You’ve heard me talk in this call about how we want to make sure customers who are using Robinhood for crypto know that they’re getting terrific pricing. And so we’ve continued to make progress there," Tenev said.

Tenev also mentioned that Robinhood’s team is working on the launch of their services in the European Union (EU), which is expected to significantly expand the market of customers they can serve. 

In response to another question about the delisting of certain crypto assets by Robinhood, Tenev emphasized that regulatory clarity plays a crucial role in decision-making. In June, the trading platform announced that it

Full story available on Benzinga.com


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