Robinhood CEO Vlad Tenev: Operating A Crypto Business Has ‘Undeniable’ Advantages
Robinhood (NASDAQ:HOOD) CEO Vlad Tenev on Tuesday emphasized that operating a cryptocurrency business is significantly more cost-effective than running traditional financial services, providing a substantial advantage that he described as “undeniable.”
What Happened: “It costs us roughly an order of magnitude less to operate a cryptocurrency business and offer the exchange of assets than it does on the TradFi side,” Tenev said in an interview with CNBC, highlighting the operational efficiencies that crypto brings compared to traditional finance.
This cost advantage, he explained, extends to other benefits, including user experience improvements like fractionalization and 24-hour trading, which enhance customer value.
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