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