Robinhood CEO Vlad Tenev said the platform may require blockchain technology to operate 24/7. In an interview with Yahoo Finance, Tenev noted that 24/7 trading is difficult to operate on traditional infrastructure.
According to TENEV, the platform already operates 24/7 trading, allowing users to use it 24/7 on weekdays. However, he pointed out that setting this is complicated, which is why it’s not yet offered on most other stock trading platforms. He added that it is unclear whether participants in the Robinhood market are preparing for the 24/7 market.
Tenev said:
“24/7 will be tough on traditional infrastructure. But when you think about tokenization, if blockchain moves in a direction of running 24/7, that’s one of the benefits for both retail and institutional consumers.”
The CEO’s statement that Robinhood could adopt blockchain technology is not entirely surprising and is in line with previous moves by the company. During the last revenue call, the company revealed that it was already using Stablecoins for settlements on weekends when financial institutions were not open.
Robinhood is bullish about encryption and tokenization
Meanwhile, TENEV is promoting cryptographic, blockchain technology and tokenization as the next frontiers of financial products. He recently wrote on Bloomberg TV that Robinhood’s goal is to become a platform where users can invest in what they want, and the way they do this is to represent real-world assets.
He further said that Robinhood will accelerate the adoption of crypto by providing more assets, investing in Robinhood wallets, integrating bitstamps to access the institution’s crypto market and supporting tokenization.
Naturally, Robinhood now positions itself as one of the leading compliant platforms for trading crypto by retail investors. We recently listed ARB’s Arbitrum Token and raised our list of digital assets to 23 cryptocurrencies.
The company recently announced the Robinhood Trivia, awarding the winner a $2 million BTC in two days. On the first day of the competition, 615 people split the $1 million BTC, and 754 people split the $1 million BTC on the second day. TENEV complains about how one of the winners can use AI chatbots to enter the competition.
So far, that custody status has been beneficial to the company. TENEV was one of the invitations to Crypto’s White House roundtable selection. The Securities and Exchange Commission (SEC) has already dropped its investigation into Robin Hood Cryptocurrency without enforcement action against the company. The company’s stock food has also risen 19% this year.
The stock exchange is scheduled to start trading 24 hours a day
Meanwhile, traditional stock exchanges are also seeking 24/5 trading. CBOE Global Market, which operates the Chicago Board of Directors Options Exchange (CBOE), and InterContinental Exchange, which operates the New York Stock Exchange (NYSE), have already announced plans.
Nasdaq joined them a few days ago, and its president, Tal Cohen, said that if the regulators approve it and its infrastructure provider is ready, Nasdaq shares can trade 24/5 by the second half of 2026.
Cohen on the Nasdaq Project (Source: LinkedIn’s Tal Cohen))
Cohen added:
“The promise of a 24-hour trading could make our market more accessible, but it also requires careful and careful planning. Liquidity, transparency and integrity remain the lifelines of a vibrant market.”
He further explained that the decision to offer 24/7 trading is based on growth in technology, global demand for US stocks, and increased retail participation.
