Robinhood CEO Vlad Tenev stated the platform could require blockchain expertise to function 24/7. In an interview with Yahoo Finance, Tenev famous that 24/7 buying and selling is tough to function on conventional infrastructure.
In keeping with TENEV, the platform already operates 24/7 buying and selling, permitting customers to make use of it 24/7 on weekdays. Nonetheless, he identified that setting that is difficult, which is why it is not but supplied on most different inventory buying and selling platforms. He added that it’s unclear whether or not contributors within the Robinhood market are making ready for the 24/7 market.
Tenev stated:
“It should be powerful with conventional infrastructure 24/7, however when you concentrate on tokenization, if blockchain strikes in a 24/7 path, that is one of many advantages for each retail shoppers.”
The CEO’s assertion that Robinhood might undertake blockchain expertise shouldn’t be completely stunning and is consistent with earlier strikes by the corporate. Over the last income name, the corporate revealed that it was already utilizing Stablecoins for settlements on weekends when monetary establishments weren’t open.
Robinhood is bullish about encryption and tokenization
In the meantime, TENEV is selling cryptographic, blockchain expertise and tokenization as the subsequent frontiers of monetary merchandise. He lately wrote on Bloomberg TV that Robinhood’s purpose is to grow to be a platform the place customers can spend money on what they need, and the way in which they do that is to characterize real-world property.
He additional stated that Robinhood will speed up the adoption of crypto by offering extra property, investing in Robinhood wallets, integrating bitstamps to entry the establishment’s crypto market and supporting tokenization.
Naturally, Robinhood now positions itself as one of many main compliant platforms for buying and selling crypto by retail traders. Just lately, now we have listed ARB’s Arbitrum Token and raised our checklist of digital property to 23 cryptocurrencies.
The corporate lately introduced the Robinhood Trivia, awarding the winner a $2 million BTC in two days. On the primary day of the competitors, 615 individuals break up the $1 million BTC, and 754 individuals break up the $1 million BTC on the second day. TENEV complains about how one of many winners can use AI chatbots to enter the competitors.
Up to now, that custody standing has been helpful to the corporate. TENEV was one of many invites to Crypto’s White Home roundtable choice. The Securities and Change Fee (SEC) has already dropped its investigation into Robin Hood Cryptocurrency with out enforcement motion towards the corporate. The corporate’s inventory meals has additionally risen 19% this yr.
The inventory trade is scheduled to start out buying and selling 24 hours a day
In the meantime, conventional inventory exchanges are additionally in search of 24/5 buying and selling. CBOE International Market, which operates the Chicago Board of Administrators Choices Change (CBOE), and InterContinental Change, which operates the New York Inventory Change (NYSE), have already introduced plans.
Nasdaq joined them a number of days in the past, and its president, Tal Cohen, stated that if the regulators approve it and its infrastructure supplier is prepared, Nasdaq shares can commerce 24/5 by the second half of 2026.
Cohen on the Nasdaq Mission (Supply: LinkedIn’s Tal Cohen))
Cohen added:
“Whereas the promise of a 24-hour buying and selling could make the market extra accessible, it additionally requires cautious and intentional planning. Liquidity, transparency and integrity stay the lifelines of a vibrant market.”
He additional defined that the choice to supply 24/7 buying and selling relies on development in expertise, world demand for US shares, and elevated retail participation.
