Robinhood CEO Tenev Remains Upbeat: 'The Business Has Been Doing Tremendously Well'

Robinhood Markets Inc HOOD CEO Vlad Tenev is optimistic about the company’s future and the broader cryptocurrency landscape, highlighting the firm’s strong performance and the changing regulatory environment under the Trump administration.

What Happened: In a Bloomberg TV interview on Tuesday, Tenev emphasized Robinhood’s recent success, noting the company’s first billion-dollar revenue quarter and record net income profits.

“The business has been doing tremendously well,” he said, citing record net deposits of $50 billion into the platform in 2024.

Despite recent market volatility, Tenev maintained a long-term perspective, advising against focusing on day-to-day market fluctuations.

Regarding the current market downturn, Tenev observed that Robinhood’s customers tend to view such moments as buying opportunities, particularly for high-quality companies and assets.

“Our customers, which might surprise some people, have a long-term perspective on these things. They’d like to be owners of technology and innovation,” he noted.

Tenev also discussed the company’s new active trader platform, Robinhood Legend, which has already reached a $50 million annual revenue run rate.

He pointed out that active traders have strategies to deploy regardless of market conditions, making this business segment more sustainable even during downturns.

On the regulatory front, Tenev welcomed the SEC’s decision to close its investigation into Robinhood’s crypto operations without pursuing enforcement action.

He sees a role for financial regulators. “I think customers want to know that their assets are safe and that someone is watching over the companies that are providing financial services to them and holding them accountable.”

Read Also: Bitcoin Languishes Below $88,000 As Spot ETFs See $1 Billion Outflows On Tuesday

What’s Next: Looking ahead, Tenev expressed excitement about the potential for tokenization and expanded access to private company stocks.

He argued for rethinking accreditation rules and allowing the connection of crypto technology with real companies. “We need to, aside from the accreditation, allow for the capability of connecting crypto technology with real companies.”

In a separate interview with CNBC on Tuesday, Tenev praised the current administration’s approach to financial services and cryptocurrency, saying, “We’re fortunate to have an administration that wants the U.S. to be number one in AI and financial services and crypto.”

This marks a significant shift from what he described as an “all-out assault” on retail trading and crypto under the previous administration.

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