Robinhood CEO: Blockchain technology can solve inefficiencies in the stock market

ChainCatcher news, according to CryptoSlate, Robinhood CEO Vlad Tenev stated that blockchain technology will ultimately become the infrastructure for stock trading. Tenev believes that the infrastructure of cryptocurrency can make financial markets more convenient, efficient, and robust.

In a conversation, Tenev pointed out that integrating stocks with blockchain networks could eliminate many inefficiencies in traditional trading systems, allowing assets to be traded seamlessly around the clock. He emphasized that the 24/7 nature of cryptocurrency trading, shorter settlement times, and lower transaction costs are key advantages compared to traditional financial infrastructure.

Tenev believes that the barriers to widespread adoption of blockchain in traditional markets are not technological limitations, but rather a lack of regulatory clarity. He plans to attend the White House cryptocurrency summit later this week to advocate for clearer regulations to promote blockchain technology supporting mainstream financial markets.