Robinhood CEO emphasizes the cost advantages of cryptocurrency over traditional financial operations

ChainCatcher news, according to CryptoSlate, Robinhood CEO Vlad Tenev recently emphasized the significant efficiency advantages of operating in cryptocurrency, believing that the cryptocurrency business model outperforms traditional finance in terms of cost and customer service.

Tenev stated on CNBC on November 12 that the cost of operating a cryptocurrency business is "about an order of magnitude lower than traditional financial services." He highlighted that blockchain technology significantly reduces transaction and operational costs, providing a substantial competitive advantage for crypto platforms.

While many industries are still debating the future of digital assets, Tenev believes that cryptocurrency is a key component of the next generation of financial services. The current regulatory environment is heavily influenced by the U.S. SEC, leading many crypto innovations to shift overseas. However, Tenev believes that recent statements from the Trump administration may pave the way for a more lenient regulatory approach in the U.S.