Inside Robinhood's Big Super App Plan: ‘There's Still a Lot of Work to Be Done’ - Ep. 983
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We think that in the future, tokenization kind of level everything else. The the customer could have the same rights as an important VC or the or as someone who is 100 millions of dollars, and it could also give the same type of access to to these companies. Clearly, still some work in progress to to be done, but but I really think that's where the the buck is going.
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. Before we get started, a quick reminder. Nothing you hear on Unchained is an investment advice. This show is for informational and entertainment purposes only, and my guests and I may hold assets discussed on the show. For more disclosures, visit unchainedcrypto.com. Looking to unlock your crypto's liquidity? Figure offers crypto backed loans with an industry low 8.91% fixed rate. They're the only major provider with decentralized MPC custody and new liquidation protection. Take out a lo
Hi. Good to see you again. How are you?
Nice to see you. I'm good. Good. Glad to have you. So for q three, Robinhood saw, quite a boost in earnings from the year prior and crypto revenue tripled. Why do you think crypto revenue on Robinhood grew so much year over year?
Yeah. I mean, it's been a it's been a great year. You're right. And q three was a great quarter for us. I think the combination of the environment that just really pops in crypto, but also all the new features that we built around crypto, we added a lot more assets. We started to offer staking in most of the states in The US, and we also focused a lot on advanced trader. I think that kind of resulted into this growth that we've seen. Really, I think it's also the interest from the retail customers that have just grown in the past few years and especially last year.
Robinhood has had such a journey. I mean, if you just think of like Vlad and his cofounder, they they started as as young guys. Not not that they're like old by any stretch. But, you know, they kind of weathered the whole storm during the meme meme coin, mania, the GameStop mania. And then we saw the very slick presentation you guys did introducing a bunch of crypto products over the summer. Now Robinhood is part of the S and P five hundred. And I wondered if you could just talk about kind of how reaching that new milestone, if that's influenced Robinhood's plans or at least how you think abou
Yeah. I mean, I I think, you know, there is so much to to tell about this story. I think for for a lot of reason, I have a ton of of respect and admiration for for our funders. But I I think one thing that I often explain is the story of crypto within Robinhood. They they actually decided to launch crypto in 2018 just in the first quarter. So really at the moment where most company were actually telling their bad to crypto, and they were like, you know, it's a winter. It was past the 2017 ICOs and NFTs saga. And so instead of going into this direction like everyone else, Vlad and Beijou were l
I am so interested to hear your thoughts on where the crypto market is headed because as I'm sure you're very well aware, price action has been a bit choppy ever since 10/10. There are a lot of people saying we're entering a bear market. I've had other people on my show who say that 2026 will prove that the four year cycle is dead. They, at least somebody from Bitwise, Ryan Rasmussen, he predicted that we would reach new all time highs in crypto in 2026. I was so curious for your thoughts. Do you think crypto is entering a bear market or not? And just generally, how was Robinhood prepa
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