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Robinhood’s CEO Discusses Crypto Development Strategy: Avoids Backing Specific 'Winners', Will Maintain Platform Neutrality

1 days ago

Robinhood CEO Vlad Tenev told The Rollup in an interview that one reason Robinhood Chain can succeed is that the platform does not deliberately select or back certain “winners” — a reference to high-quality DeFi protocols like Uniswap, as noted in the reporter’s question. “We certainly want to help developers, but more importantly, we need to keep the platform neutral and minimize fees as much as possible — and we have already achieved that. I think our developer activity is already ranked first. The Robinhood team will always operate around a core priority: doing everything possible to get everyone on Robinhood Chain and build it as well as possible.”

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Blast has officially announced its shutdown, Upbit has placed the BLAST token on its watchlist, and BLAST has dropped more than 25%.

According to HTX market data, Layer 2 network Blast announced it will cease operations as its network revenue is insufficient to cover maintenance costs. Following the announcement, two major South Korean crypto exchanges, Upbit and Bithumb, have added BLAST to their trading watchlists. The token has fallen more than 25% overall, currently trading at $0.000294, with a market capitalization of approximately $20 million.

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