Robinhood CEO Vlad Tenev and Paxos CEO Charles Cascarilla on How to Avoid Another GameStop - Ep.236

Published: May 11, 2021, 7:30 a.m.

In this discussion I moderated for Paxos, Robinhood CEO Vlad Tenev and Paxos CEO Charles Cascarilla discuss GameStop, the broken traditional financial infrastructure, and how blockchain technology may change the future of settlements. Show highlights:\n \xa0\n why Robinhood stopped trading on GameStop and AMC stock earlier this year\n what both Charles and Vlad think the feasibility of T+0 settlements versus Citadel\u2019s and the DTCC\u2019s aim of T+1 settlements\xa0\n how the GameStop scenario would have been different in a T+0 environment\xa0\n what it would look like if certain markets used T+0 settlements while others still settled on T+1\n why Robinhood decided to add crypto back in early 2018\n how Robinhood\u2019s crypto operations work on the back end\n why Robinhood does not allow users to move crypto off-platform\n whether securities trading or crypto will be a larger portion of both Paxos\u2019 and Robinhood\u2019s business model\n what Paxos and Robinhood have planned for the near future\n \xa0\n Thank you to our sponsors!\n E&Y: https://ey.com/globalblockchainsummit\xa0\n Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2\xa0\xa0\n Kyber Network: Dmm.exchange\xa0\xa0\n \xa0\n Episode Links:\n \xa0\n People:\n \xa0\n Charles Cascarilla\n \xa0\n Linkedin\n https://www.linkedin.com/in/charlescascarilla/\xa0\n Coindesk Profile\n https://www.coindesk.com/charles-cascarilla-most-influential-2020\xa0\n Previous interview with Laura\n https://unchainedpodcast.com/chad-cascarilla-on-paxoss-partnership-with-paypal/\xa0\n Blog post on the GameStop saga\xa0\n https://www.paxos.com/what-lehman-brothers-gamestop-and-the-next-financial-crisis-have-in-common/\xa0\n \xa0\n Vlad Tenev\n \xa0\n Twitter\n https://twitter.com/vladtenev\xa0\n CNN Article\n https://www.cnn.com/2021/02/01/investing/robinhood-gamestop-vlad-tenev/index.html\xa0\n Tweet Thread on T+2\n https://twitter.com/vladtenev/status/1356687248746455041\xa0\n \xa0\n Companies:\n Paxos\n Twitter\n https://twitter.com/PaxosGlobal\n \xa0\n Paxos Settlement Service\n https://www.paxos.com/securities/\n https://www.reuters.com/article/us-crypto-currencies-paxos/paxos-to-launch-settlement-of-u-s-listed-equities-after-secs-no-action-letter-idUSKBN1X727M\n \xa0\n Wall Street Journal write-up\n https://www.wsj.com/articles/blockchain-makes-inroads-into-the-stock-markets-1-trillion-plumbing-system-11573131600\xa0\n \xa0\n Robinhood\n \xa0\n Twitter\n https://twitter.com/RobinhoodApp\n Robinhood Crypto\n https://robinhood.com/us/en/about/crypto/\n Public offering\n https://blog.robinhood.com/news/2021/3/23/robinhood-markets-inc-confidentially-submits-draft-registration-statement\xa0\n \xa0\n Miscellaneous Links\n \xa0\n Citadel on settlements\n https://www.theblockcrypto.com/post/95326/citadel-robinhood-shorter-settlements-congress\n DTCC on settlements\n https://www.dtcc.com/news/2021/february/24/dtcc-proposes-approach-to-shortening-us-settlement-cycle-to-t1-within-two-years\xa0\n \xa0\n Other:\n \xa0\n Caitlin Long Unchained episode:\n https://unchainedpodcast.com/caitlin-long-why-avanti-will-be-a-new-kind-of-crypto-bank/\xa0\n \xa0\nLearn more about your ad choices. Visit megaphone.fm/adchoices