Robinhood CEO touts crypto’s cost advantage over TradFi operations
Robinhood CEO Vlad Tenev recently highlighted the substantial efficiency benefits of crypto operations, arguing that the crypto business model outperforms traditional finance in both cost and customer service.
In a Nov. 12 appearance on CNBC, Tenev revealed that running a crypto business costs “roughly an order of magnitude” less than traditional financial services.
Crypto vs. TradFi
He emphasized that blockchain technology drastically lowers transaction and operational costs, providing crypto platforms with a significant competitive edge.
Tenev added that these savings allow crypto exchanges to offer features like fractional asset trading and 24/7 market access — advantages traditional financial systems struggle to match.
While many…
