What’s Next For Robinhood Crypto? Increased Token Offerings and AI, Says Johann Kerbrat

Robinhood Markets Inc. (ticker HOOD) has been making information these days. On June 30, Robinhood announced a number of game-changing products and services for its retail customers within the United States and the European Union.

Now, the buying and selling platform is planning to widen entry to privately held firms within the U.S. On September 15, the company announced the launch of Robinhood Ventures Fund I (RVI), a closed-end fund that filed an initial registration statement with the U.S. Securities and Exchange Commission (SEC).

Once permitted, the fund—which might be managed by Robinhood Ventures DE LLC, an entirely owned subsidiary—will supply retail buyers publicity to personal companies in expertise sectors whereas they’re nonetheless privately held.

Robinhood’s latest offerings seek to provide retail investors access to investment opportunities once reserved for the elite. Johann Kerbrat, GM and SVP of Crypto at Robinhood, advised Cryptonews throughout an unique interview in San Francisco that the platform has extra plans to make this a actuality.

Cryptonews: What is your essential objective for Robinhood Crypto at present, and why?

Johann Kerbrat: We lately launched plenty of new crypto tokens within the U.S. with the objective being to essentially improve our choices. This will present U.S. customers extra entry to new choices.

We have additionally made this all out there by way of Robinhood Legend, our new platform for superior merchants. Legend lets customers commerce crypto, futures, and equities in a single instrument. People utilizing Legend are additionally ready to make use of sensible change routing to route orders to exchanges somewhat than by way of market makers.

CN: Robinhood has additionally lately launched synthetic intelligence (AI) options. Can you please clarify these?

JK: Sure. Robinhood Gold prospects can now entry Cortex Digests. This is mainly a brand new AI agent that works for our customers, so each time a person opens a crypto or inventory web page, they may get a abstract of what’s occurring available in the market. News summaries are additionally made out there for these belongings to assist customers higher perceive why belongings are shifting up or down.

We launched this characteristic as a result of we seen Robinhood prospects would sometimes obtain a value notification that Bitcoin, as an illustration, went up. However, they wouldn’t perceive why that is the case and would typically look on social media platforms like X or Reddit to grasp. The objective right here is to have a look at market information and bundle that with reasoning to supply prospects with an understanding of various markets.

CN: It has been just a few months since Robinhood launched U.S. inventory and exchange-traded fund (ETF) tokens for EU customers. Robinhood additionally launched staking companies to eligible US customers. How has the progress been to this point?

JK: Overall, staking has been doing very nicely, and we’ve got seen spectacular adoption. People are usually not solely excited to get rewards by staking, however are additionally completely satisfied to contribute to the community. We have additionally seen individuals use staking for the primary time and then proceed to do that due to the thrill round it.

Other tasks, like our inventory tokens, are additionally doing nicely. We solely had 200 asset choices, and we at the moment are at 400, so we’ve got doubled this. The stock tokens provide exposure to the U.S.-equivalent assets, and we at the moment are seeing quite a lot of belongings improve. For occasion, Robinhood’s IPO is now available in stock tokens.

CN: How is the progress coming alongside on Robinhood’s Layer-2 (L2) blockchain?

JK: We are nonetheless very excited to construct an L2 that integrates each instruments and compliance. Stock tokens might be the very first thing that the L2 helps. The L2 might be constructed on the Arbitrum stack. There is at present no launch date set, however we’re actively engaged on this.

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