🔥 Robinhood Crypto Chief Explains Why There Are 'Two Wolves' Inside Robinhood Chain.
Image: Andr Beganski/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Robinhood Chain reached almost $800 million in total value locked after one month. The network has processed more than 200 million transactions. Robinhood wants to reach people who have never used crypto rather than compete for existing users. Robinhood Chain wants to be a financial hub for the suits just as much as for the degens.
Thats essentially the meaning behind Robinhood CEO Vlad Tenevs two wolves post on X, which the companys head of crypto, Johann Kerbrat, says sums up what Robinhood is going for with the launch of its own Ethereum layer-2 network: a balance between serious productstokenized equities and derivatives contractsand the memes that bring in attention, fun, and users. We want to show customers that we care about what they care about, Kerbrat told Decrypt. We want to make sure the chain works for what people care about. In just over a month online, Robinhood Chain has reached nearly $800 million in total value locked and has since processed more than 200 million transactions, Kerbrat said. In an exclusive interview with FOMO Hour on Friday, Kerbrat, who leads Robinhoods crypto and international businesses, said the company chose an Ethereum layer-2 over a layer-1 blockchain so it could rely on existing security and decentralization while focusing its resources on products.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#EthereumUpgrade #SECryptoRegulation #AICryptoIntegration
Image: Andr Beganski/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Robinhood Chain reached almost $800 million in total value locked after one month. The network has processed more than 200 million transactions. Robinhood wants to reach people who have never used crypto rather than compete for existing users. Robinhood Chain wants to be a financial hub for the suits just as much as for the degens.
Thats essentially the meaning behind Robinhood CEO Vlad Tenevs two wolves post on X, which the companys head of crypto, Johann Kerbrat, says sums up what Robinhood is going for with the launch of its own Ethereum layer-2 network: a balance between serious productstokenized equities and derivatives contractsand the memes that bring in attention, fun, and users. We want to show customers that we care about what they care about, Kerbrat told Decrypt. We want to make sure the chain works for what people care about. In just over a month online, Robinhood Chain has reached nearly $800 million in total value locked and has since processed more than 200 million transactions, Kerbrat said. In an exclusive interview with FOMO Hour on Friday, Kerbrat, who leads Robinhoods crypto and international businesses, said the company chose an Ethereum layer-2 over a layer-1 blockchain so it could rely on existing security and decentralization while focusing its resources on products.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#EthereumUpgrade #SECryptoRegulation #AICryptoIntegration