Vlad Dennett: Robin Hood CEO

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Robin Hood CEO

Foxbusiness

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Robinhood CEO: We are at the 'frontier of innovation and financial services'

Summary

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Vlad Dennett is the Robin Hood CEO of the company, which went public in 2021 .

He says the company has 9 business lines generating north of 100 million in annual revenue now and we're expanding across multiple dimensions.

November relative to October was up 400% for us in crypto volumes, bitcoins a sizable chunk of that.

Bitcoin is not just a tradable asset, but it's the next evolution of infrastructure like how we went from mainframe to on premise to cloud blockchain and crypto is the next step in that.

Do we want the US to be a leader in this new industry like we are in artificial intelligence? I think the answer is obviously yes. We want to continue to lead there. And for a while, we weren't sure whether the current administration didn't have that view.

Bitcoin Maxis CEO says there's two ways of looking at crypto as a tradable asset like equities, options and futures.

The other, which I think is more interesting, is as a technology layer.

The costs of us operating our crypto business are 10 times lower than the traditional financial business. Both, both are at scale.

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informal

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English

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