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Robinhood MAJOR Crypto Announcement!!🚀Ethereum + Arbitrum?🔥 · The Paul Barron Crypto Show

• 0:07
  Speaker 1: Welcome into one of the biggest crypto announcements maybe this year,
• 0:11
  Speaker 1: and of course we're going to dive in deep. I
• 0:12
  Speaker 1: think you guys a gonna love it. My name is
• 0:14
  Speaker 1: Paul Barren, Welcome back in the tech Path. Thanks for
• 0:16
  Speaker 1: coming into the live today. I do want to thank
• 0:18
  Speaker 1: our sponsor and that is Tangent. This is where you
• 0:20
  Speaker 1: guys can get started on your own self custody journey.
• 0:23
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  Speaker 1: many as three and that gives you a lot of
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  Speaker 1: backups to use our link down below. It's going to
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  Speaker 1: help you get some discounts and get on your way
• 0:45
  Speaker 1: to setting up your own crypto self custody wall. All right, guys,
• 0:49
  Speaker 1: let's get into it today because obviously Robinhood is setting
• 0:52
  Speaker 1: up for a huge announcement with their keynote, we will
• 0:55
  Speaker 1: be airing that. Vlad of course is going to be
• 0:58
  Speaker 1: talking about a lot of changes, not only within Europe,
• 1:01
  Speaker 1: but I think this is going to be strategic maybe
• 1:04
  Speaker 1: around a chain selection. So we've been you know, contemplating
• 1:08
  Speaker 1: the idea of Solana arbitrum. There's a lot happening out
• 1:12
  Speaker 1: there when it comes to what will robin Hood do
• 1:15
  Speaker 1: to really kind of move forward in the crypto space.
• 1:18
  Speaker 1: And this is one of the areas that I've you know,
• 1:20
  Speaker 1: kind of argued about Robinhood for quite some time. Is
• 1:22
  Speaker 1: they need more tokens, they need to get more stable coins,
• 1:25
  Speaker 1: they need to be able to really energize their crypto position.
• 1:28
  Speaker 1: I think might this might be the you know, the
• 1:32
  Speaker 1: announcement that does it. We're going to be going into
• 1:35
  Speaker 1: all of that today kind of lead off with it.
• 1:39
  Speaker 1: This is a very interesting thing. You've got Metallic butterin
• 1:42
  Speaker 1: coming in, and this is one forty five coming on,
• 1:46
  Speaker 1: so we're not going to have that piece of it
• 1:48
  Speaker 1: where vitallic will come on. The likelihood is we will
• 1:52
  Speaker 1: have it going to announce and of course I think
• 1:57
  Speaker 1: that Metalic coming on will kind of start to talk
• 2:01
  Speaker 1: about you know what exactly they're going to be doing,
• 2:03
  Speaker 1: So that inself is going to be playing out at
• 2:06
  Speaker 1: one forty five. We'll get that for you guys. And
• 2:08
  Speaker 1: another thing to be on the lookout for is you
• 2:12
  Speaker 1: don't fly the founder of Ethereum into cans just to
• 2:14
  Speaker 1: say we added staking And I agree. I think this
• 2:18
  Speaker 1: is going to be a huge, huge event, so be
• 2:21
  Speaker 1: ready there. Of course, looks like they're getting ready to
• 2:26
  Speaker 1: come on here in a minute, and then we'll get
• 2:29
  Speaker 1: into that for you guys, we'll be airing the you know,
• 2:34
  Speaker 1: we'll be airing this live piece, so stay tuned for
• 2:37
  Speaker 1: this right here, and let's take a look. There's glad well,
• 2:49
  Speaker 1: at least I would have. I think I would have
• 2:52
  Speaker 1: rode in on a Porsche right.
• 3:19
  Speaker 2: Welcome to the French Riviera and the historic Chateau de
• 3:23
  Speaker 2: Lacroix des Garde's caught out.
• 3:26
  Speaker 3: Here, isn't it.
• 3:27
  Speaker 2: You guys staying cool all right, don't worry. You can
• 3:31
  Speaker 2: unbutton a little bit. This is probably the most I
• 3:33
  Speaker 2: can do. Thank you for coming to our first ever
• 3:37
  Speaker 2: Crypto keynote and our first big event in Europe. You'll
• 3:40
  Speaker 2: find out how these pieces fit together in just a moment.
• 3:44
  Speaker 2: It's been an exciting year for this community. How many
• 3:48
  Speaker 2: of you are feeling more optimistic than ever about the
• 3:51
  Speaker 2: future of crypto. Great me too. And we've survived some
• 3:57
  Speaker 2: dark times, haven't We Finally clear regulations are coming into
• 4:03
  Speaker 2: effect in the European Union. This means we now have
• 4:06
  Speaker 2: the clarity to unleash many of the financial innovations that
• 4:10
  Speaker 2: crypto makes possible. Meanwhile, the US, after years of attempting
• 4:16
  Speaker 2: to obliterate the crypto industry, is finally ready to catch
• 4:20
  Speaker 2: up to the rest of the world. We as an
• 4:23
  Speaker 2: industry find ourselves now at an important precipice. We have
• 4:27
  Speaker 2: a chance to prove to the world what we've believed
• 4:29
  Speaker 2: all along, that crypto is much more than a speculative asset.
• 4:33
  Speaker 2: It has the potential to become the backbone of the
• 4:37
  Speaker 2: global financial system. So what we're hoping to do today
• 4:40
  Speaker 2: two things to turn this from a possibility to an inevitability. One,
• 4:47
  Speaker 2: cross that divide by rolling out new products for our
• 4:50
  Speaker 2: US and EU customers, products that go beyond bitcoin and
• 4:54
  Speaker 2: mean coins and show fundamental utility. At two, give the
• 5:00
  Speaker 2: crypto community outside the EU a glimpse of the better
• 5:03
  Speaker 2: future that's possible when crypto and traditional financial services full emerge.
• 5:10
  Speaker 2: Here to join me in doing this is Tanya Denisova,
• 5:13
  Speaker 2: the chief operating officer of Robinhood crypto.
• 5:16
  Speaker 3: Welcome her up. Thank you for being.
• 5:24
  Speaker 2: Here, Tanya, Thanks for having me. You've been in crypto
• 5:26
  Speaker 2: now for how many years?
• 5:28
  Speaker 4: I got into crypto nine years ago when I stumbled
• 5:31
  Speaker 4: upon a job offer for a crypto company. I'd never
• 5:34
  Speaker 4: heard it before. I googled it and it fell down
• 5:37
  Speaker 4: a rabbit hole learning about bitcoin. I thought it was
• 5:40
  Speaker 4: just the coolest thing i'd ever heard of, a true believer.
• 5:43
  Speaker 3: Did you buy bitcoin at that time?
• 5:45
  Speaker 4: Of course I did, lad, And did you sell it?
• 5:48
  Speaker 4: Unfortunately I did tell some of it?
• 5:51
  Speaker 3: That's too bad.
• 5:52
  Speaker 2: And we also have Johan kerbrut Our, head of Robinhood Cryptokay.
• 6:01
  Speaker 5: Tania, hey, love, Hey, thanks for having me here. And
• 6:05
  Speaker 5: since I know you're going to ask, I got into
• 6:07
  Speaker 5: crypto fifteen years ago.
• 6:09
  Speaker 2: Actually I wasn't going to ask, but thanks for telling me.
• 6:12
  Speaker 2: Fifteen years Really that's a long time. Johann, why are
• 6:15
  Speaker 2: you working for me?
• 6:18
  Speaker 5: Well, you kind of did it, Tania. And when bitcoin
• 6:21
  Speaker 5: hated a law, I thought there's no way this goes
• 6:23
  Speaker 5: any higher. So I saw it all. But you know, really,
• 6:27
  Speaker 5: I'm basically an engineer. So the reason I'm here is
• 6:30
  Speaker 5: I believe in this technology and I want to make
• 6:32
  Speaker 5: it less complex and more accessible to more people. So
• 6:35
  Speaker 5: what do I mean by that?
• 6:37
  Speaker 6: We're ready to hear it, John, Sorry I.
• 6:38
  Speaker 5: Got carried away. But it can really be viewed in
• 6:41
  Speaker 5: two ways. One is as a tradable asset, you know,
• 6:44
  Speaker 5: like ethem so and bitcoin. I think you all know
• 6:48
  Speaker 5: that here. The other piece is as a fundamental piece
• 6:51
  Speaker 5: of technology that could reshape financial services. And I think
• 6:55
  Speaker 5: this second idea is really under explode.
• 6:57
  Speaker 2: Surprisingly, I actually agree with everything just said, and that
• 7:01
  Speaker 2: reveals a big question that I've been wrestling with for
• 7:04
  Speaker 2: much of the past two years. And that question is
• 7:08
  Speaker 2: what would Robinhood look like if it was rebuilt from
• 7:11
  Speaker 2: the ground up entirely on crypto technology. And that's exactly
• 7:16
  Speaker 2: what we'll be showing you today.
• 7:23
  Speaker 4: But before we get to that, one thing we noticed
• 7:26
  Speaker 4: while preparing this keynote is that while we're all Americans,
• 7:30
  Speaker 4: all of us were also born here in Europe. I
• 7:33
  Speaker 4: moved from Saint Petersburg to the US when I was two.
• 7:36
  Speaker 2: Years old, and I've talked about growing up in Bulgaria
• 7:38
  Speaker 2: so much that they make memes about it.
• 7:42
  Speaker 5: Like this one, and then maketually from right here from
• 7:46
  Speaker 5: ken I lived there for ten years and used to
• 7:48
  Speaker 5: skate on the closet bothering all the tourists, like most
• 7:51
  Speaker 5: of you guys. Unfortunately, there's no meme about it.
• 7:55
  Speaker 2: Not yet anyway. So the reason we're telling you all
• 7:58
  Speaker 2: this is because we're excited to be in your You
• 8:00
  Speaker 2: may be used to Robinhood talking about things in the US,
• 8:04
  Speaker 2: but our long term goal has always been to democratize
• 8:07
  Speaker 2: finance all around the world, and what we're going to
• 8:09
  Speaker 2: show you today is a significant step towards that, and
• 8:13
  Speaker 2: we wanted to do it in a place where Johann
• 8:15
  Speaker 2: felt most comfortable and where people would understand his accent.
• 8:19
  Speaker 5: That's very nice of you. Led by the way, can
• 8:22
  Speaker 5: you repeat the name of his place again?
• 8:25
  Speaker 2: I was looking at the French people and they nodded affirmatively.
• 8:29
  Speaker 2: But to chet the point of today, hundreds of millions
• 8:34
  Speaker 2: of people all over Europe are about to get access
• 8:37
  Speaker 2: to a whole new robin Hood for the very first time.
• 8:41
  Speaker 4: Until an hour ago, Robinhood was only fully rolled out
• 8:44
  Speaker 4: in six countries worldwide. There's the Robinhood crypto app in Italy, Spain,
• 8:50
  Speaker 4: Poland and Lithuania, and of course in the US and
• 8:53
  Speaker 4: UK there's our brokerage app and that's it.
• 8:57
  Speaker 5: However, starting today, I'm excited to announce that robbin Hook
• 9:01
  Speaker 5: crypto will now be available in these countries as well. Friends.
• 9:08
  Speaker 5: Of course, let's see if you're can get the next one?
• 9:15
  Speaker 5: Someone Germany? And what about this one? Anyone know what country?
• 9:25
  Speaker 5: This this from? Blood?
• 9:27
  Speaker 2: Maybe sounds very much like the anthem I heard every
• 9:31
  Speaker 2: day in school when I was a young boy in Bulgaria.
• 9:34
  Speaker 4: Okay, guys, no one came here to hear every country's
• 9:38
  Speaker 4: national anthem one by one. To cut to the chase,
• 9:41
  Speaker 4: we are now live across the entire EU and EEA
• 9:46
  Speaker 4: altogether with the UK, Robinhood is accessible in a total
• 9:50
  Speaker 4: of thirty one countries on this continent alone.
• 9:53
  Speaker 3: Thirty one amazing countries.
• 9:55
  Speaker 2: And some of the regulators and policy makers who made
• 9:58
  Speaker 2: this possible are actually in the Audien tonight, so let's
• 10:01
  Speaker 2: give them a round of applause for their support.
• 10:05
  Speaker 3: Thanks for making this possible. I should also.
• 10:08
  Speaker 2: Add that we aren't just expanding Robinhood Crypto to more
• 10:12
  Speaker 2: countries now, We're significantly changing what Robinhood does and offers.
• 10:17
  Speaker 2: And I'm not going to ruin it for you all
• 10:19
  Speaker 2: tonight and hopefully Tanya won't. We'll be getting into all
• 10:23
  Speaker 2: of these new features in great detail.
• 10:26
  Speaker 5: So for everyone watching in the EU right now, Robbie
• 10:29
  Speaker 5: Knot is now fully rolled out and available in the
• 10:32
  Speaker 5: App Store and Google Play, so you can download it
• 10:35
  Speaker 5: now or update your app. If you're Alreadio user, you
• 10:38
  Speaker 5: might notice a slide change in the name of the app,
• 10:41
  Speaker 5: and the reason for that is going to become clear
• 10:43
  Speaker 5: over the course of the evening.
• 10:45
  Speaker 4: You may want to take a moment to download it
• 10:47
  Speaker 4: now because there might be a surprise coming at the
• 10:50
  Speaker 4: end for those who are on the app.
• 10:52
  Speaker 2: In America, we call that foreshadowing. And I'll just jump
• 10:56
  Speaker 2: in and add a third reason to download it, because
• 11:00
  Speaker 2: there's a whole new asset class coming to the EU app,
• 11:03
  Speaker 2: introducing perpetual futures.
• 11:09
  Speaker 3: It's exciting, isn't it.
• 11:11
  Speaker 5: Uh.
• 11:12
  Speaker 3: We call this it's.
• 11:13
  Speaker 2: Like a little appetizer to the to the main course
• 11:16
  Speaker 2: them boosh, I guess yes or apetif h. Traditionally, perpetual
• 11:22
  Speaker 2: futures have had clunky, overly complicated interfaces, particularly on mobile,
• 11:27
  Speaker 2: So we've spent a lot of time refining and chiseling,
• 11:30
  Speaker 2: and I believe we've crafted perhaps the finest purpose experience,
• 11:34
  Speaker 2: the finest purps ux on mobile, reducing the complexity, but
• 11:38
  Speaker 2: without sacrificing the power or speed. Now advanced traders will
• 11:43
  Speaker 2: be able to trade Purpse on the go, not just
• 11:45
  Speaker 2: stuck at their desk. So I'll step to the side
• 11:48
  Speaker 2: here and I'll let Tanya and Johan walk you through
• 11:51
  Speaker 2: what the new experience will look like.
• 11:54
  Speaker 5: Thanks man. So I've traded burbs some different betform and
• 11:57
  Speaker 5: one thing I've always fund frustrating is how how complicated
• 12:00
  Speaker 5: it it is to set your orders correctly and modify them.
• 12:04
  Speaker 4: Speaking personally, after having seen some of the interfaces, I
• 12:07
  Speaker 4: would have no idea where to even begin figuring out
• 12:10
  Speaker 4: how to place an order.
• 12:12
  Speaker 5: And I get it, Tanya. You know, I actually counted
• 12:14
  Speaker 5: how many tabs and inputs it takes to place an order,
• 12:17
  Speaker 5: and it's more than twenty. So when we talk to
• 12:19
  Speaker 5: all most active traders, we really got the feeling that
• 12:22
  Speaker 5: they hated what they currently use, but knows of choice.
• 12:25
  Speaker 5: So when we designed Perpetual FUTURELS on robin Hood, we
• 12:28
  Speaker 5: worked to make it as seamless as possible, much more
• 12:31
  Speaker 5: intuitive and less frustrating.
• 12:33
  Speaker 4: And before we get started by a show of hands.
• 12:36
  Speaker 4: How many people here have actually traded perps. Okay, it
• 12:40
  Speaker 4: looks like a lot of you have never traded them before,
• 12:43
  Speaker 4: So for those who don't know, you can just sort
• 12:44
  Speaker 4: of break down the name. So first of all, it's
• 12:47
  Speaker 4: basically a future where you say the price is going
• 12:49
  Speaker 4: to be x, y or z, and it's perpetual, meaning
• 12:53
  Speaker 4: that they don't have an expiration date, so you don't
• 12:55
  Speaker 4: need to constantly monitor the dates of your different contracts. Now,
• 12:59
  Speaker 4: like cryptospot, you can go along, but what's different here
• 13:01
  Speaker 4: is you can also short the asset.
• 13:03
  Speaker 5: And obviously something that is very popular with perbs is
• 13:06
  Speaker 5: to use leverage, enabling advanstrator to increase the exposure with
• 13:10
  Speaker 5: less capital. So on one end, it's a powerful institutional
• 13:14
  Speaker 5: grade financial instrument, but unfortunately, most of the time when
• 13:18
  Speaker 5: you want to trade perbs, you are being attacked with
• 13:20
  Speaker 5: a screen that looks like my oldtied three calculator in
• 13:23
  Speaker 5: high school.
• 13:25
  Speaker 6: So this is why I don't trade perbs.
• 13:27
  Speaker 4: But that ends today, not just for me, but hopefully
• 13:29
  Speaker 4: for a lot of you as well. Let's show you
• 13:31
  Speaker 4: how it works. So, as you can see on the screen,
• 13:35
  Speaker 4: this is the eighth page and the robin hood eu app.
• 13:37
  Speaker 5: Okay, ethereum is pretty stable at two thousand, So what
• 13:41
  Speaker 5: do you all think is going to go up or
• 13:43
  Speaker 5: down in the next few days? All right, we have
• 13:46
  Speaker 5: a lot of experience in the room. Mom, what do
• 13:50
  Speaker 5: you think? All right? I think we can go belief.
• 13:54
  Speaker 6: All right, all right, let's do it. Let's be long.
• 13:57
  Speaker 4: They can probably figure out what you need to do
• 13:59
  Speaker 4: here to trade perpetuals instead of spot it to stop
• 14:02
  Speaker 4: on the card, and that you're now on the perpetual's
• 14:04
  Speaker 4: page for ETH. So let's place a long ETH order.
• 14:07
  Speaker 4: As we're queuing this, we can clearly see how much
• 14:10
  Speaker 4: margin is available and move the slider left to right
• 14:12
  Speaker 4: to choose the order size. Currently, customers can select up
• 14:16
  Speaker 4: to three x leverage, but in the future we plan
• 14:18
  Speaker 4: to expand the options for more advanced customers.
• 14:21
  Speaker 5: And what's ray grade is you can easily choose to
• 14:23
  Speaker 5: share your margin across allil position or just isolate it
• 14:27
  Speaker 5: with a single type. You get to decide the details
• 14:30
  Speaker 5: of your strategy.
• 14:31
  Speaker 4: Actually, my favorite feature is how you can set profit
• 14:34
  Speaker 4: and loss on the order.
• 14:35
  Speaker 6: This is really cool and change the whole experience for me.
• 14:38
  Speaker 4: So we took the innovative ladder that our team designed
• 14:41
  Speaker 4: for futures in the US, and we made our own
• 14:43
  Speaker 4: profit and loss ladder so you can track the price
• 14:45
  Speaker 4: of ETH moving in real time and decide when to
• 14:48
  Speaker 4: take profit by moving the slider here let's say about
• 14:51
  Speaker 4: ten percent, and easily set up a stop loss to
• 14:54
  Speaker 4: help protect your capital. Let's say below five percent, Well
• 14:57
  Speaker 4: it's ETH, so maybe eight percent.
• 15:02
  Speaker 5: And we heard from our customer that they didn't like
• 15:05
  Speaker 5: having to constantly type and up data tech profit and
• 15:07
  Speaker 5: stop plus, and it was difficult to do it on
• 15:09
  Speaker 5: a mobile phone, so we made it possible for you
• 15:12
  Speaker 5: to easily change your stop lass, which just vi swipe
• 15:14
  Speaker 5: off a finger.
• 15:15
  Speaker 4: So it's incredibly intuitive and easy. And once your orders
• 15:18
  Speaker 4: are placed, you can access them easily through your position
• 15:21
  Speaker 4: hubs and see them all in one place to act
• 15:24
  Speaker 4: on them.
• 15:26
  Speaker 5: And as we announced a few weeks ago, we close
• 15:28
  Speaker 5: our acquisition of bitstamp, the longest continually running crypto change
• 15:32
  Speaker 5: in the world, and now bitstamp is the engine powering
• 15:35
  Speaker 5: perpetual futures. Bitstamp is making possible a lot of other
• 15:39
  Speaker 5: things to help execute vision that Blood mentioned earlier, like
• 15:43
  Speaker 5: what you see on the screen so we are looking
• 15:45
  Speaker 5: forward to bitstamp becoming a foundation of a brand new age,
• 15:49
  Speaker 5: global tig global.
• 15:52
  Speaker 2: Crypto age for robin Hood. My face melting yet you
• 15:56
  Speaker 2: surprised me. Okay, thank you, Johann and Tania. This has
• 16:00
  Speaker 2: already been a huge unlock for us in the EU.
• 16:03
  Speaker 2: Perpetual future trading we'll start rolling out later this summer,
• 16:07
  Speaker 2: so if you're an advanced trader, it's a great time
• 16:10
  Speaker 2: to get familiar with the incredible interface Tanya and Johann
• 16:13
  Speaker 2: just showed you. And by the way, when are purps
• 16:15
  Speaker 2: coming to the US.
• 16:17
  Speaker 5: So obviously the technology is here and you just saw it.
• 16:20
  Speaker 5: It's all on the Robbinood platform. If and when the
• 16:23
  Speaker 5: CFTC approves the launch of cryptoperbs, we'll be ready. And
• 16:26
  Speaker 5: by the way, we also introduce micro futures on Bitcoin,
• 16:29
  Speaker 5: Solana and xAPI, and long dated futures are coming soon.
• 16:34
  Speaker 5: But in the meantime, we have a lot of new
• 16:35
  Speaker 5: products to talk.
• 16:36
  Speaker 2: About for the US. Good transition. I like the optimism.
• 16:41
  Speaker 2: I'd like to see more of that around the office.
• 16:43
  Speaker 2: By the way, thanks, Led, I will work on it
• 16:46
  Speaker 2: for you.
• 16:47
  Speaker 4: All right, guys, let's get into some of the features
• 16:49
  Speaker 4: we've been working on specifically for our US customers.
• 16:52
  Speaker 6: There are a lot of them to cover.
• 16:53
  Speaker 4: It's been a busy year and we've been taking action
• 16:55
  Speaker 4: on some of your biggest requests.
• 16:57
  Speaker 2: True, we have some major upgrades to announce for our
• 17:00
  Speaker 2: active traders. First of all, as some of you may
• 17:03
  Speaker 2: have seen already, Crypto is now available on Robinhood Legend,
• 17:07
  Speaker 2: which is our new state of the art desktop platform,
• 17:10
  Speaker 2: and some of the things people really love about it
• 17:13
  Speaker 2: are the customized indicators and the ability to trade directly
• 17:17
  Speaker 2: from the chart.
• 17:18
  Speaker 5: And because it's given our traders such an advantage, some
• 17:21
  Speaker 5: of them started asking when is Legend coming to mobile
• 17:24
  Speaker 5: and we were a bit unclear about what they meant
• 17:26
  Speaker 5: initially until we started talking to customers, and it turns
• 17:29
  Speaker 5: out what they really wanted were the powerful shots and
• 17:32
  Speaker 5: indicator on the mobile interface that they know and love
• 17:35
  Speaker 5: so wella here they are. Advanced charts are now your
• 17:40
  Speaker 5: for equities, and we'll be coming later this summer for
• 17:43
  Speaker 5: Crypto at no additional cost. We think this will be
• 17:46
  Speaker 5: by far the best shouting you can get on your phone.
• 17:49
  Speaker 4: Our next update is something haard our most active users.
• 17:53
  Speaker 4: Smart Exchange routing finds the best available price across multiple
• 17:57
  Speaker 4: partner exchanges. That makes it possible for us to provide
• 18:00
  Speaker 4: crypto feed heres so that your rate goes down as
• 18:03
  Speaker 4: the amount you trades us goes up. This is something
• 18:06
  Speaker 4: our most active crypto traders have been very excited about.
• 18:10
  Speaker 4: And the numbers you see on the screen are based
• 18:12
  Speaker 4: on your rolling thirty day volume. Most importantly, it's rolling
• 18:15
  Speaker 4: out now and will soon be available on our trading
• 18:17
  Speaker 4: api as well.
• 18:18
  Speaker 2: And you pay only ten BIPs with five million plus
• 18:21
  Speaker 2: in volume, all blended, no maker taker. These rates are
• 18:25
  Speaker 2: fantastic and you know I checked.
• 18:28
  Speaker 5: Unfortunately you don't qually five of his rates, but you
• 18:31
  Speaker 5: actually could use another feature. Starting now, robin Hood is
• 18:35
  Speaker 5: the only major platform in the US where you can
• 18:37
  Speaker 5: choose exactly which specific crypto holding you're selling when you're trading,
• 18:41
  Speaker 5: allowing you greater management of your capital gains and losses.
• 18:45
  Speaker 5: Profit is really only profit after your beto taxes, so
• 18:47
  Speaker 5: having this tabibility is really going to be useful.
• 18:50
  Speaker 2: For those of you with paper hands like Johan here,
• 18:53
  Speaker 2: this is going to be especially helpful.
• 18:55
  Speaker 6: He's just harvesting his losses.
• 18:57
  Speaker 3: Sure he is, sure he is.
• 18:59
  Speaker 4: So Another exciting addition to our US app is our
• 19:02
  Speaker 4: AI Investing Assistant Cortex, which will soon be available for
• 19:05
  Speaker 4: crypto for our Gold customers. Cortex brings together the highest
• 19:09
  Speaker 4: quality market data, trends, news and company earnings with the
• 19:13
  Speaker 4: goal of giving your market insights you need right at
• 19:16
  Speaker 4: your fingertips. So from now on, if you're wondering why
• 19:19
  Speaker 4: your favorite crypto is going up or down or sideways,
• 19:23
  Speaker 4: Cortex will give you the context of all the events
• 19:25
  Speaker 4: that happened recently on the crypto detail page of the
• 19:27
  Speaker 4: token you're interested in.
• 19:30
  Speaker 5: And I'm not sure if you have tried a robbit
• 19:31
  Speaker 5: o Gold create Crud yet it very quickly became my
• 19:34
  Speaker 5: number one card in my wallet breakap. One of its
• 19:37
  Speaker 5: main benefit you get cash back for every category, no
• 19:40
  Speaker 5: matter what your network is. The very annoying thing, though,
• 19:43
  Speaker 5: is that I don't want cash back, I want more crypto.
• 19:46
  Speaker 5: So later this year, we'll be launching Crypto Redemption where
• 19:49
  Speaker 5: customers can actually automatically purchase the favorite token using the
• 19:53
  Speaker 5: regular Goldcloud or one of our brand new Cryptoclud design radio.
• 20:01
  Speaker 6: I like the Ethereum card.
• 20:02
  Speaker 2: For me, You're just sucking up to the eth maxis
• 20:05
  Speaker 2: in the audience, aren't you.
• 20:07
  Speaker 4: I will not confirm or deny that now, as all
• 20:10
  Speaker 4: have mentioned, all this is landing in the US first. However,
• 20:13
  Speaker 4: we're looking to bring all these features to the EU app.
• 20:16
  Speaker 5: And.
• 20:19
  Speaker 2: One of our most popular features in the EU app
• 20:22
  Speaker 2: has actually been missing in the US, and this has
• 20:25
  Speaker 2: been one of the main recurring requests from our customers.
• 20:30
  Speaker 2: So you'll be happy to hear that's starting today steaking. Yes,
• 20:34
  Speaker 2: Staking is now available in the US. Now, before we
• 20:41
  Speaker 2: get into the details, I want to talk a little
• 20:43
  Speaker 2: bit about uh staking and why it matters.
• 20:46
  Speaker 3: Wax poetic if you will.
• 20:48
  Speaker 2: What sounded so One of the things that makes crypto
• 20:51
  Speaker 2: so robust is that there's no central authority and the
• 20:55
  Speaker 2: transactions are maintained by a distributed network that's open and
• 20:59
  Speaker 2: available to all. And part of what makes this so
• 21:02
  Speaker 2: compelling is that anyone is able to participate in maintaining
• 21:06
  Speaker 2: the network. You are the network. So staking is not
• 21:09
  Speaker 2: just about earning rewards, although that's very nice, It's also
• 21:13
  Speaker 2: about doing our part individually and collectively to secure this
• 21:17
  Speaker 2: amazing infrastructure that we're all helping to build. And now
• 21:21
  Speaker 2: it's easier than ever to do so. On robin Hood,
• 21:23
  Speaker 2: we're starting with Ethereum and Solona staking and we have
• 21:27
  Speaker 2: some of the best apy's in the market Voila here.
• 21:31
  Speaker 4: There are also to help you get more to steak.
• 21:35
  Speaker 4: We currently have a deposit boost running for Crypto season.
• 21:38
  Speaker 4: The current offer has a deposit goal that the community
• 21:41
  Speaker 4: needs to reach in order to receive a two percent boost.
• 21:45
  Speaker 4: But to end Crypto Week on an even more positive note,
• 21:48
  Speaker 4: we're removing that minimum.
• 21:50
  Speaker 5: So for booths are you and US customers if your
• 21:53
  Speaker 5: debt buzzit crypto will be for July seven, will boost
• 21:56
  Speaker 5: that amount by two percent with noed buzzet goal. Do
• 21:58
  Speaker 5: it and to how much you can earn, and don't
• 22:02
  Speaker 5: worry if you already deposited as part of his promotion,
• 22:04
  Speaker 5: you will get the two percent. Anyway that brought us
• 22:09
  Speaker 5: on us update, let's zoom out a bit now and
• 22:12
  Speaker 5: get into one most exciting application of crypto today, one
• 22:16
  Speaker 5: that will fundamentally redefine what's tradable and where it's traded.
• 22:21
  Speaker 2: You may have already guessed our next update. Yes, now
• 22:25
  Speaker 2: is the time when we get into tokenization. So I
• 22:29
  Speaker 2: believe that tokenization is going to open the door to
• 22:31
  Speaker 2: a massive trading revolution, making it possible to own or
• 22:35
  Speaker 2: even fractionally own all kinds of real world assets and
• 22:39
  Speaker 2: financial instruments that were never accessible or tradable by most
• 22:43
  Speaker 2: people before.
• 22:45
  Speaker 3: Now.
• 22:46
  Speaker 2: There's been a lot of talk about this for years,
• 22:49
  Speaker 2: including from me and more recently from some of our competitors,
• 22:54
  Speaker 2: but not a lot of action.
• 22:56
  Speaker 3: Not a lot of action.
• 22:57
  Speaker 2: Well that ends today literally, because over the past year Johann,
• 23:04
  Speaker 2: Tanya and the rest of the crypto team have been
• 23:06
  Speaker 2: working very hard to make this a reality.
• 23:09
  Speaker 3: Now.
• 23:09
  Speaker 2: The big question we faced was what shall we tokenize? First,
• 23:14
  Speaker 2: so we asked ourselves, what about bonds? Should we tokenize
• 23:18
  Speaker 2: some bonds? What do you all think? Okay, not a
• 23:23
  Speaker 2: lot of excitement about that, I see. How about mutual funds?
• 23:26
  Speaker 2: Mutual funds would be a great thing to tokenize, very
• 23:29
  Speaker 2: very cool. Maybe private credit, carbon credits? Okay, how about
• 23:40
  Speaker 2: tokenized bitcoin? Okay, Yes, that was a trick question. Just
• 23:44
  Speaker 2: wanted to make sure everyone was still paying attention. As
• 23:47
  Speaker 2: we got to thinking about what to tokenize, we saw
• 23:50
  Speaker 2: an opportunity not to just do this with an acid
• 23:52
  Speaker 2: class that we understood very well because we pioneered commission
• 23:56
  Speaker 2: pre trading in it, but also to solve the pain
• 23:59
  Speaker 2: point that we saw off from our European customers, which
• 24:02
  Speaker 2: is while they love crypto, they really want exposure to
• 24:05
  Speaker 2: US stocks as well. So we're really excited to announce
• 24:09
  Speaker 2: that it is now possible for our European customers to
• 24:12
  Speaker 2: get exposure to hundreds of major US stocks like Apple, Nvidian, Amazon,
• 24:16
  Speaker 2: in addition to ETF's in tokenized form all on chain,
• 24:20
  Speaker 2: with thousands more coming by the end of the year.
• 24:23
  Speaker 2: Introducing stock tokens on Robinhood. Now, stock tokens are a
• 24:33
  Speaker 2: bit of a technically complex trading product, but we've worked
• 24:36
  Speaker 2: hard to make the experience as intuitive as possible for
• 24:40
  Speaker 2: our eligible traders. In large part, the crypto technology powering
• 24:44
  Speaker 2: all this lies under the hood, and we'll be lifting
• 24:47
  Speaker 2: that hood up for you a little bit later. In
• 24:50
  Speaker 2: the meantime, I want to introduce Song Lee, who's our
• 24:52
  Speaker 2: head of product for Crypto, to show you what trading
• 24:55
  Speaker 2: stock tokens is going to look like.
• 24:57
  Speaker 3: Son. Thanks flat.
• 25:06
  Speaker 7: So I've been in crypto for about seven years, almost
• 25:10
  Speaker 7: as long as Tanya, and at every crypto conference I
• 25:13
  Speaker 7: go to, the main topic is always about mass adoption.
• 25:16
  Speaker 7: I feel like I've heard that mass adoption is one
• 25:19
  Speaker 7: year away every year. Actually, there's an Ethereum conference just
• 25:23
  Speaker 7: next door, and one of the topics is about you
• 25:25
  Speaker 7: guessed it, mass adoption. But what we've realized while driving
• 25:29
  Speaker 7: usage with millions of customers to Robin at Crypto is
• 25:32
  Speaker 7: that real adoption isn't going to happen from forcing people
• 25:35
  Speaker 7: to understand how the blockchain works, and especially not from
• 25:39
  Speaker 7: having them farm rewards on every new crypto app. It's
• 25:42
  Speaker 7: going to happen not just by making the technology better,
• 25:45
  Speaker 7: but by making the interface so easy and intuitive to
• 25:47
  Speaker 7: use that the technical part is almost invisible, the same
• 25:51
  Speaker 7: reason why hundreds of millions of people started using chatchipt
• 25:55
  Speaker 7: so quickly, and so that's what we've done with stock tokens.
• 25:59
  Speaker 7: We've made it easy, intuitive and fast while keeping the
• 26:02
  Speaker 7: complicated technology under the hood. So to show you how
• 26:05
  Speaker 7: this works, I'm going to walk you through what buying
• 26:07
  Speaker 7: a stock looks like on the traditional brokerage compared to
• 26:10
  Speaker 7: buying stock tokens. Here on the left side of the
• 26:13
  Speaker 7: screen you'll see the US app where you can buy
• 26:15
  Speaker 7: equities the traditional way.
• 26:17
  Speaker 5: On the right the EU.
• 26:19
  Speaker 7: App with stock tokens. So, starting from this page, let's
• 26:22
  Speaker 7: say we're interested in Apple, we're going to enter in
• 26:25
  Speaker 7: the mountline. I want to buy about one hundred euros
• 26:27
  Speaker 7: of Apple hit review, swipe up, and your trade is complete,
• 26:37
  Speaker 7: and that is it. So what's amazing is that you're
• 26:40
  Speaker 7: having a consistent experience across both apps. But the technology
• 26:44
  Speaker 7: making this possible is completely different. In fact, if we
• 26:48
  Speaker 7: weren't telling you that this was a token that you
• 26:50
  Speaker 7: were buying with this token badge right here, you'd have
• 26:53
  Speaker 7: no idea this was a blockchain transaction. But actually, if
• 26:57
  Speaker 7: you do tap on this badge, that's where you'll learn
• 26:59
  Speaker 7: all about aiding stock tokens in the robin it app.
• 27:02
  Speaker 7: And I'm going to quickly cover the highlights first. As
• 27:05
  Speaker 7: some of you may have been wondering, you won't be
• 27:07
  Speaker 7: missing out on dividends by holding stock tokens. You'll get
• 27:10
  Speaker 7: those payments along with any stock splits that might happen
• 27:13
  Speaker 7: directly into the account where you're holding your tokens. You'll
• 27:17
  Speaker 7: also have access to ETFs through stock tokens. You can
• 27:20
  Speaker 7: gain exposure to the most popular US ETFs like voo
• 27:24
  Speaker 7: Spy and more. And finally, we're bringing the same zero
• 27:29
  Speaker 7: commission trading that our users in the US love to
• 27:32
  Speaker 7: the EU, so there will be no commissions, no hidden fees,
• 27:36
  Speaker 7: and no added spreads on stock tokens from robined. One
• 27:40
  Speaker 7: thing I should note is that there is a zero
• 27:42
  Speaker 7: point ten percent FX conversion fee when your euros are
• 27:44
  Speaker 7: automatically converted to dollars during the trade, and that's one
• 27:48
  Speaker 7: of the lowest rates available anywhere. So let's show you
• 27:51
  Speaker 7: how our European app has evolved with the introduction of
• 27:54
  Speaker 7: stock tokens. Now are app transitions for being a crypto
• 27:58
  Speaker 7: only app to an all one investment app powered by crypto,
• 28:02
  Speaker 7: all at one of the lowest costs available. So, like
• 28:05
  Speaker 7: Joean hinted at earlier, we've changed the name of the
• 28:08
  Speaker 7: app to reflect this. Robin ed Crypto is now just robinid.
• 28:13
  Speaker 7: Here you'll get perpetual futures, zero feedbitcoin trading and zero
• 28:18
  Speaker 7: commissioned US talk and ETF tokens all in one place.
• 28:22
  Speaker 7: This is just the beginning of a major expansion of
• 28:24
  Speaker 7: what's possible for robin It's customers in the EU and
• 28:27
  Speaker 7: in the future around the world, all powered through blockchain technology.
• 28:32
  Speaker 7: I'm incredibly excited about this, and I hope you are too,
• 28:35
  Speaker 7: so I'm gonna turn it over to Vlad to explain
• 28:37
  Speaker 7: a little bit more about how this works.
• 28:40
  Speaker 2: All right, Thanks song, very cool, give him a round
• 28:43
  Speaker 2: of applause. He's been working very hard, all right. As
• 28:48
  Speaker 2: of today, this is available now on the Robinhood app
• 28:51
  Speaker 2: for all eligible European customers, and we're hard at work
• 28:54
  Speaker 2: making it available everywhere else in the world as well,
• 28:57
  Speaker 2: of course, subject to local rules and regulations. Now, stock
• 29:02
  Speaker 2: tokens may not be the easiest product to understand at
• 29:05
  Speaker 2: first blush. So I'm wondering if you're curious about how
• 29:09
  Speaker 2: all this works behind the scenes, I can show you
• 29:12
  Speaker 2: if you'll bear with me. I find the whole process
• 29:15
  Speaker 2: behind what song showed you fascinating. I'll also share a
• 29:20
  Speaker 2: little bit about how it will evolve in the near
• 29:22
  Speaker 2: future and potentially scale to pretty much any asset. This
• 29:27
  Speaker 2: is a chalkboard. I've been told that Carrie Grant wrote
• 29:33
  Speaker 2: on this on the set of To Catch a Thief,
• 29:36
  Speaker 2: which was filmed here, by the way. I don't know
• 29:38
  Speaker 2: if I believe it, but I have been told this. Okay,
• 29:41
  Speaker 2: So here you are, our European customer. There's your mobile phone,
• 29:53
  Speaker 2: and let's say you wanted to buy some applestock. What
• 30:01
  Speaker 2: happens is that order is transmitted to our back end
• 30:08
  Speaker 2: and then it's transmitted to a US broker. Now this
• 30:17
  Speaker 2: is a registered trad five broker dealer that will buy
• 30:21
  Speaker 2: a traditional share from what I'll call a tradfi market.
• 30:30
  Speaker 2: Now this could be a market maker or an exchange
• 30:33
  Speaker 2: like the NICY or the Nasdaq. Then that share is
• 30:38
  Speaker 2: transmitted back to the US broker. It's custodied in traditional form,
• 30:44
  Speaker 2: and it gets sent to what we call our tokenization engine.
• 30:51
  Speaker 2: Now this is where the magic really happens. So for
• 30:55
  Speaker 2: every share that's being purchased from the trad file market,
• 30:59
  Speaker 2: one token is being minted and this represents the exposure
• 31:04
  Speaker 2: to this share, and then that token gets transmitted back
• 31:09
  Speaker 2: to you. So what this means is, right now, every
• 31:12
  Speaker 2: time you place a trade, an actual traditional share is
• 31:16
  Speaker 2: being purchased from the market, held in custody, and a
• 31:18
  Speaker 2: fresh token is minted. Then similarly, when you want to
• 31:22
  Speaker 2: sell these shares, the process goes in reverse. Robin Hood
• 31:27
  Speaker 2: instructs the introducing broker to sell the share, the underlying
• 31:30
  Speaker 2: share in the open market. Then we burn the token,
• 31:34
  Speaker 2: give you the proceeds, and this is all available twenty
• 31:38
  Speaker 2: four hours a day, five days a week. So i'll
• 31:42
  Speaker 2: call this phase one, okay, and let's talk about what
• 31:49
  Speaker 2: happens in phase two, which hopefully we'll be rolling out
• 31:54
  Speaker 2: to customers in the next few months. So in phase
• 31:57
  Speaker 2: two we see the introction of damp by Robinhood. Now,
• 32:06
  Speaker 2: what happens with bitstamp is it's put alongside the trad
• 32:10
  Speaker 2: five market and the tokenized instruments would be listed there,
• 32:16
  Speaker 2: just like normal cryptos like bitcoin and ether. And we
• 32:21
  Speaker 2: now have the choice. So let's say the trad file
• 32:23
  Speaker 2: market is closed like it is on weekends and holidays,
• 32:26
  Speaker 2: we can send your orders to bitstamp, but if it's open,
• 32:30
  Speaker 2: then we can send it to the trad five market
• 32:32
  Speaker 2: and benefit from the centuries of liquidity that's been building
• 32:37
  Speaker 2: on these traditional markets. So you really would get the
• 32:39
  Speaker 2: best of both worlds. And then this unlocks twenty four
• 32:43
  Speaker 2: to seven trading, which is very cool, but that's not all.
• 32:50
  Speaker 2: Phase three is when things really start to cook. Also
• 32:54
  Speaker 2: a few months away. This is when the possibilities really
• 32:58
  Speaker 2: start to multiply. Okay, And if you bear with me
• 33:06
  Speaker 2: with my schematic, I we should probably do that. So
• 33:13
  Speaker 2: in phase three, you're integrating directly with the blockchain, So
• 33:18
  Speaker 2: we're working on unlocking the ability for you to take
• 33:21
  Speaker 2: these kinds of tokens outside of our walled garden and
• 33:26
  Speaker 2: into your wallet, into the world of DeFi. How would
• 33:29
  Speaker 2: you feel about self custody and putting many of you
• 33:31
  Speaker 2: here materalize, lending and borrowing, swapping, really self custody in
• 33:39
  Speaker 2: its very pure form. Now, the beauty of this process
• 33:43
  Speaker 2: is that it transfers pretty easily to any type of asset,
• 33:47
  Speaker 2: So you can kind of circumscribe this part here, and
• 33:52
  Speaker 2: you could replace this US stockbroker with say an art
• 33:55
  Speaker 2: broker or real estate broker, swap out the appropriate market
• 33:59
  Speaker 2: or exchange. Outside of the token stuff, everything is pretty
• 34:03
  Speaker 2: fungible and interchangeable. So we look forward to expanding your
• 34:08
  Speaker 2: trading options with the assets that you care about most.
• 34:16
  Speaker 2: Pretty cool, huh.
• 34:19
  Speaker 5: I was looking backstage. I'm sure a lot of people
• 34:22
  Speaker 5: are wondering, what is this piece of critical technology blood?
• 34:25
  Speaker 2: Oh this thing, yes, that is a hat or as
• 34:28
  Speaker 2: the French would call it, a bed blaod.
• 34:30
  Speaker 5: You know what I meant?
• 34:32
  Speaker 2: Ah, this thing this thing here, well, that would be
• 34:36
  Speaker 2: the blockchain in case you couldn't tell from my amazing
• 34:39
  Speaker 2: sketch or blueprint. Really right now it's arbitrum, but we've
• 34:44
  Speaker 2: been working on something really special and it's still a
• 34:47
  Speaker 2: little bit early, but I think there's no better time
• 34:49
  Speaker 2: to share with you al than right now, introducing the
• 34:53
  Speaker 2: Robinhood chain.
• 34:56
  Speaker 6: This is the.
• 34:57
  Speaker 4: First blockchain optimized for real world assets, from real estate
• 35:01
  Speaker 4: to art to stocks, with the right technology and regulatory
• 35:05
  Speaker 4: infrastructure needed to carry the entire traditional financial system on
• 35:09
  Speaker 4: its back into the future.
• 35:11
  Speaker 5: And our goal with stock token on the revenue chain
• 35:14
  Speaker 5: is that in the near future, you will be able
• 35:16
  Speaker 5: to seamlessly transfer your assets in seconds, and your ability
• 35:20
  Speaker 5: to trade will not be reliant on any individual broadcer
• 35:24
  Speaker 5: or content body. So long as the blockchain is up
• 35:27
  Speaker 5: and processing transaction, you will maintain access to your heart
• 35:30
  Speaker 5: to own access.
• 35:31
  Speaker 3: Very very important.
• 35:33
  Speaker 2: I feel that as the benefits of this technology become
• 35:35
  Speaker 2: increasingly clear in the coming years, the pressure and incentive
• 35:40
  Speaker 2: for more and more firms to adopt it will continue
• 35:43
  Speaker 2: to grow. So we'll continue to work with regulators and
• 35:46
  Speaker 2: bring the entire robin Hood ecosystem on chain, starting with
• 35:50
  Speaker 2: tokenized assets like stocks, perpetual futures DeFi of course, spot
• 35:55
  Speaker 2: crypto trading and from there we're planning to open the
• 35:59
  Speaker 2: doors much so, and we've been talking to a lot
• 36:02
  Speaker 2: of the developers in the room about this already. If
• 36:04
  Speaker 2: you're interested in being one of our first developers, we
• 36:08
  Speaker 2: would like to open the doors much wider, so please
• 36:10
  Speaker 2: reach out to us.
• 36:12
  Speaker 5: And when Blad says about opening the dough much wider
• 36:14
  Speaker 5: on our chain. There is one new asset that comes
• 36:18
  Speaker 5: up a lot, so I want to pre announce it
• 36:20
  Speaker 5: now because I think it really fits the Robbinoon mission,
• 36:24
  Speaker 5: and that's private company stock. These are a massive wealth
• 36:30
  Speaker 5: generator for a very small group of rich, well connected
• 36:34
  Speaker 5: insider We get access to these deals early, like.
• 36:38
  Speaker 2: Lead even I actually have difficulty getting into some of
• 36:41
  Speaker 2: these deals.
• 36:42
  Speaker 5: And crypto as a power to solve this inequality.
• 36:46
  Speaker 6: That's going to be a big one.
• 36:48
  Speaker 4: A lot of the technologies changing the world are startups,
• 36:51
  Speaker 4: and I'm sure many of you would love to invest
• 36:53
  Speaker 4: in the companies that you're using or hearing about every day.
• 36:56
  Speaker 4: But with more and more of these companies staying private,
• 36:58
  Speaker 4: even a huge valuation, it's just not accessible to most people.
• 37:03
  Speaker 4: So as an example of what's possible, imagine how your
• 37:06
  Speaker 4: investing portfolio would change if it were possible to get
• 37:10
  Speaker 4: early exposure to private companies like SpaceX and open Ai,
• 37:14
  Speaker 4: which are now worth billions of dollars.
• 37:16
  Speaker 2: That would be exciting to do, wouldn't it. But why
• 37:20
  Speaker 2: talk about doing it later when we can do it
• 37:22
  Speaker 2: right now. You may have been wondering what this awesome
• 37:28
  Speaker 2: briefcase that I walked in with was for. Well, I'm
• 37:34
  Speaker 2: holding in my hands right now the keys to the
• 37:37
  Speaker 2: first stever stock tokens for open Ai, and not just
• 37:45
  Speaker 2: open Ai.
• 37:46
  Speaker 3: But also SpaceX. SpaceX is in here too.
• 37:51
  Speaker 2: If you download the robinhood eu app, which we gave
• 37:54
  Speaker 2: you ample warning to do, you're about to figure out
• 37:58
  Speaker 2: why we gave you that warning. I'd like to transfer
• 38:01
  Speaker 2: these tokens to you and give you exposure to two
• 38:05
  Speaker 2: of the most valuable private companies in the world right now.
• 38:09
  Speaker 2: We'll give you a week to onboard. Then we're going
• 38:12
  Speaker 2: to release all the tokens, so as long as you're
• 38:15
  Speaker 2: a robinhood eu customer, you'll be able to claim what
• 38:18
  Speaker 2: we believe are the world's first open Ai and SpaceX
• 38:22
  Speaker 2: private stock tokens on a decentralized blockchain.
• 38:26
  Speaker 5: And just remember, the deadline is end of day on Monday,
• 38:29
  Speaker 5: July seven. Oh yay seventh. This is really exciting and
• 38:34
  Speaker 5: I can't wait to see.
• 38:35
  Speaker 2: It coming from Johann. That means a lot. The last
• 38:37
  Speaker 2: time this guy was excited was when bitcoin hit a dollar. Okay,
• 38:43
  Speaker 2: so what I'm gonna do is send the open AI
• 38:46
  Speaker 2: in SpaceX stock tokens to Johan and h He's going
• 38:51
  Speaker 2: to distribute them from the robinhood entity to everyone that
• 38:55
  Speaker 2: signs up. So I should caveat don't do what I'm doing,
• 38:59
  Speaker 2: which is import your wallet across a live stream. So
• 39:03
  Speaker 2: I'm a I'm a very sophisticated individual, but generally yeah,
• 39:07
  Speaker 2: that uh, that's good advice. So I'm gonna import. I
• 39:12
  Speaker 2: caught the last word from my crypto steel here. I'm
• 39:16
  Speaker 2: gonna enter my pin very secure and wait for it
• 39:21
  Speaker 2: to be imported. It's working, hopefully.
• 39:27
  Speaker 3: The five G spins a little bit.
• 39:35
  Speaker 5: Well, you know, it's hot even intone as a you know, sweating,
• 39:40
  Speaker 5: That is very true.
• 39:43
  Speaker 3: Okay, what do you think, Johan?
• 39:47
  Speaker 5: You know we could also use you other phone with multiple.
• 39:52
  Speaker 2: Let's see this one looks like it might be connected.
• 39:55
  Speaker 2: Oh never mind, we didn't even have time. Voila okay,
• 40:00
  Speaker 2: so let's see there it is. There's the wallet, and
• 40:06
  Speaker 2: you can see in there that we've got our open
• 40:09
  Speaker 2: ai and SpaceX shares.
• 40:12
  Speaker 3: So let's see.
• 40:13
  Speaker 2: Let's go to open ai right here, and I'm going
• 40:17
  Speaker 2: to send them all to Robinhood Europe for your later dispersement,
• 40:21
  Speaker 2: shall I?
• 40:22
  Speaker 5: Yeah, send a million?
• 40:25
  Speaker 3: Okay, let's see. Uh, there we go a million? Why not?
• 40:40
  Speaker 3: All right?
• 40:43
  Speaker 2: Oh, and you can even look on the blockchain at
• 40:47
  Speaker 2: the transaction idea on arbiscan, so you know it's the
• 40:53
  Speaker 2: internet because this would be loading very very quickly.
• 40:57
  Speaker 5: It's raising five j with all of these people here. Now.
• 41:01
  Speaker 2: Yeah, well while it loads. See actually the wallet was
• 41:05
  Speaker 2: loading faster than Arbiscan, wasn't it.
• 41:08
  Speaker 5: Well, you know there is maybe some congestion on the network,
• 41:11
  Speaker 5: so you should go through shortly. And you know, we'll
• 41:13
  Speaker 5: see the confirmation on the bloctionsuit. But why if lad
• 41:16
  Speaker 5: sends out the opening eye tokens, I'm going to show
• 41:19
  Speaker 5: you what that will look like. When vistokens land in
• 41:22
  Speaker 5: your robbinood account. If you're already donated the app, you
• 41:25
  Speaker 5: will receive the notification you're seeing on the screen right now.
• 41:28
  Speaker 5: Then just open the app and hate get started. If
• 41:31
  Speaker 5: you successfully on the ball to trade stock token with
• 41:34
  Speaker 5: it the next five days, you will see the screen
• 41:36
  Speaker 5: right here. Then click ahead to see the tokens on
• 41:39
  Speaker 5: your account right now.
• 41:41
  Speaker 2: Consider these SpaceX and open Ai tokens a gift from us.
• 41:45
  Speaker 2: You're gonna have to hold on to them for a
• 41:47
  Speaker 2: little bit, but we're working to unlock trading for these
• 41:51
  Speaker 2: on all of our platforms real time twenty four to seven.
• 41:54
  Speaker 2: So if you see what's happening here, we have the
• 41:58
  Speaker 2: technology built to toe organize exposure to private markets, make
• 42:02
  Speaker 2: them accessible on chain and off chain to everyone, and
• 42:06
  Speaker 2: when we're able to roll this out on a global level,
• 42:09
  Speaker 2: I believe this can solve one of the greatest long
• 42:11
  Speaker 2: standing iniquities in our capital markets today.
• 42:15
  Speaker 4: I really hope this helps more people realize why crypto
• 42:18
  Speaker 4: is here to stay and make our entire financial system better.
• 42:22
  Speaker 4: To summarize our announcements for today, you can now trade
• 42:25
  Speaker 4: crypto and stock tokens on Robinhood anywhere in the EU,
• 42:29
  Speaker 4: with perpetual futures coming soon. In the US, we've launched
• 42:32
  Speaker 4: taking and a host of other features for advanced crypto traders,
• 42:36
  Speaker 4: with more coming soon, and for the world.
• 42:39
  Speaker 6: The Robinhood chain is on its way.
• 42:41
  Speaker 5: Also, I should add some late breaking news. Just last week,
• 42:46
  Speaker 5: the stable corn we helped launch USDG was approvender the
• 42:49
  Speaker 5: new MECAUT regulation in the U where popularity donatives like
• 42:53
  Speaker 5: teather A Ben So you can look forward to USDG
• 42:56
  Speaker 5: becoming a first first class stable corn across the entire robbin.
• 43:00
  Speaker 2: Udiquo system, first class stable coin. And this is just
• 43:03
  Speaker 2: the beginning of what we're working to make possible. So
• 43:05
  Speaker 2: thanks for coming today. I hope to see you all
• 43:08
  Speaker 2: at Hoods Summit in September, because this isn't it. There's
• 43:11
  Speaker 2: actually a lot more coming to Robinhood that you should
• 43:14
  Speaker 2: know about.
• 43:15
  Speaker 6: See you all there.
• 43:16
  Speaker 5: Thanks for watching.
• 43:17
  Speaker 1: All right, guys, so you saw the line up there.
• 43:23
  Speaker 1: Announcements were, in my opinion, were a little bit light,
• 43:27
  Speaker 1: you know. But the interesting point is the chain, of course,
• 43:31
  Speaker 1: I think especially as they start to maybe when we're
• 43:34
  Speaker 1: going to probably see Arbitram start to maybe take a
• 43:37
  Speaker 1: little bit of a backseat obviously with robin Hood chain
• 43:39
  Speaker 1: coming out staking, you know, for Ethan Seoul, I think
• 43:42
  Speaker 1: that's a good move for obvious reasons. I would like
• 43:46
  Speaker 1: to see, you know, the private company stock elements start
• 43:50
  Speaker 1: to roll out here in the United States, hopefully within
• 43:52
  Speaker 1: the next few months. That would be a huge move,
• 43:55
  Speaker 1: I think in general, and also probably we'll push a
• 43:58
  Speaker 1: lot of Wall Street into kind of this next evolution
• 44:01
  Speaker 1: of how trading is going to get done. So just
• 44:03
  Speaker 1: be on the lookout for that. We're going to be
• 44:06
  Speaker 1: kind of following along, keeping you guys updated throughout the day.
• 44:09
  Speaker 1: I think val Talic is on it one forty five,
• 44:11
  Speaker 1: so we'll get a chance to take a look at that,
• 44:14
  Speaker 1: and then we'll kind of get into that. Do we
• 44:15
  Speaker 1: have any polls by the way that we want to cover.
• 44:18
  Speaker 1: Good to go, all right, and then for you guys,
• 44:22
  Speaker 1: just to kind of give you guys a frontline. When
• 44:24
  Speaker 1: we are looking at Arbitram right now, which is the
• 44:28
  Speaker 1: current layer that's running a lot of this tokenization there
• 44:31
  Speaker 1: in the EU, my question is how long before the
• 44:35
  Speaker 1: robin Hood chain is to launch? So if it's going
• 44:38
  Speaker 1: to take some time, then this is going to get
• 44:41
  Speaker 1: a lot of activity. Of course, Arbitram, if you just
• 44:43
  Speaker 1: look at the differences of where it has been, this
• 44:46
  Speaker 1: of course kind of gives you the index performance right here.
• 44:49
  Speaker 1: And if you compare this to what's going on right
• 44:51
  Speaker 1: now over on arbitram in general, both on inflows and
• 44:55
  Speaker 1: outflows right now Arbitram inflows right now number two, and
• 45:00
  Speaker 1: if you look right here top outflows base is now
• 45:03
  Speaker 1: starting to move up the scale here, so there might
• 45:05
  Speaker 1: be some swapping going on within that as well. A
• 45:10
  Speaker 1: couple other points I want to get into. Sixty five
• 45:12
  Speaker 1: percent of the USDC supply right now on arbitram Mel
• 45:15
  Speaker 1: two is deposited on hyperlinquids, So that's another benefit for
• 45:18
  Speaker 1: it that all will be playing into this kind of
• 45:21
  Speaker 1: going forward. And if you look at just in general
• 45:24
  Speaker 1: the volume I think around this is also going to
• 45:27
  Speaker 1: have a little bit of a play. Let me know
• 45:29
  Speaker 1: in the comments, if you guys played the Arbitram bet,
• 45:32
  Speaker 1: because this of course did get a nice spike over
• 45:34
  Speaker 1: the weekend, would you hold arbitram right now and continue
• 45:38
  Speaker 1: kind of on the track record or on the track
• 45:40
  Speaker 1: with what Robinhood is setting up for let me know,
• 45:44
  Speaker 1: Robin Hood's L two or excuse me, Robino Arbitram Mel
• 45:47
  Speaker 1: two first meaningful counterbalance This would be the interesting play too,
• 45:51
  Speaker 1: But again this all depends on how the Robin Hood
• 45:54
  Speaker 1: chain actually gets put out there. This is a very
• 45:57
  Speaker 1: early announcement, so we haven't seen any details, and as
• 46:01
  Speaker 1: you guys know, robin Hood leads those months and months
• 46:05
  Speaker 1: in advance, so whether we see it in twenty twenty
• 46:08
  Speaker 1: five is a real question. Tokenize tokenization by arbitrum right
• 46:13
  Speaker 1: now still very very high, both in the EU and
• 46:17
  Speaker 1: the US, so again more proponents for where this might
• 46:21
  Speaker 1: be going. And then of course the other thing that
• 46:24
  Speaker 1: you have to kind of consider is this new announcement
• 46:26
  Speaker 1: of the stable coin. This of course is going to
• 46:28
  Speaker 1: be pouring into the EU, but GUSD all available, this
• 46:32
  Speaker 1: will start to open up even more power. I think
• 46:36
  Speaker 1: when we look at stable coin enhancement around a lot
• 46:38
  Speaker 1: of these the use cases of where robin Hood is going,
• 46:42
  Speaker 1: and remember they have to be able to deal with
• 46:44
  Speaker 1: a stable coin that can replace that of tether, especially
• 46:49
  Speaker 1: in the EU, because there's a lot of situations that
• 46:51
  Speaker 1: are playing into both stable coin availability and the power
• 46:56
  Speaker 1: of where stable coins in general are going. Because we're
• 46:58
  Speaker 1: going to see the Genius Act best and just mentioned
• 47:00
  Speaker 1: this this morning, is that we will have the stable
• 47:04
  Speaker 1: Cooin Act of course verified and finalized in July. If
• 47:08
  Speaker 1: that occurs, good news. Of course, all this writing on ether,
• 47:12
  Speaker 1: big news from Tom Lee, from Funstrat, they're launching their
• 47:15
  Speaker 1: own new security around ethereum. So all of this is
• 47:19
  Speaker 1: moving in the right direction right now with a lot
• 47:21
  Speaker 1: of good potentials here. And if you kind of compare
• 47:25
  Speaker 1: the stable coin issues by comparison, there's PACSOS right there,
• 47:29
  Speaker 1: g are USDG and right there you have to look
• 47:33
  Speaker 1: at the performance because this is where the value versus
• 47:36
  Speaker 1: on USDC with Circle only fifty percent on the revenue
• 47:41
  Speaker 1: sharing is available, So that is going to be a
• 47:43
  Speaker 1: big deal as well. So compare that use case driving
• 47:47
  Speaker 1: up the opportunity here, I think around stable coin use
• 47:50
  Speaker 1: is going to be a big deal going forward. All right, guys,
• 47:52
  Speaker 1: we're going to get into a lot more coming down
• 47:55
  Speaker 1: the aligned base of courses, setting up for big things
• 47:58
  Speaker 1: coming next week. Bullish on Base in general. I think
• 48:03
  Speaker 1: if you look at what coinbase is trying to do
• 48:05
  Speaker 1: in the United States, will they beat Robinhood to the punch?
• 48:09
  Speaker 1: This is interesting that they waited to do this announcement
• 48:13
  Speaker 1: next week. Interesting that they've got all this going. We
• 48:17
  Speaker 1: will be also covering the fact that Base if you
• 48:20
  Speaker 1: guys remember we talked about this not too long ago,
• 48:23
  Speaker 1: is that Xenophi now Zeno. Dot money was building on XRP,
• 48:29
  Speaker 1: and that of course changed dramatically with recent events, and
• 48:33
  Speaker 1: of course that has been the slow rate of xlar
• 48:36
  Speaker 1: being able to get cross chained. So this of course
• 48:38
  Speaker 1: now moving into paying with crypto. So all of this
• 48:42
  Speaker 1: accelerating now on Base could be a big move here
• 48:46
  Speaker 1: in terms of crypto adoption, especially if we see Base
• 48:49
  Speaker 1: and remember Coinbase having a large amount of retail opportunities
• 48:55
  Speaker 1: already with Coinbase commerce, So some very interesting things getting
• 48:59
  Speaker 1: ready to take place. All right, we're going to get
• 49:01
  Speaker 1: into more shows today. If you guys are not subscribed
• 49:04
  Speaker 1: to the channel, make sure and do that right now.
• 49:06
  Speaker 1: Also hit that little bell so when we do these
• 49:07
  Speaker 1: live streams, you're going to be available and know when
• 49:10
  Speaker 1: we're doing. If you're not in the diamond circle, get
• 49:12
  Speaker 1: in on that as well. We'll leave a link down below,
• 49:14
  Speaker 1: and of course follow me on x just at Paul Baron.
• 49:18
  Speaker 1: We'll catch you next time right here on Techpath