Robinhood Marks the End of Crypto

Robinhood's move to build its own Arbitrum-based chain marks, in the author's view, the end of crypto as a separate category, with the industry becoming the future of finance. The author credits Vlad Tenev and Robinhood with articulating DeFi's benefits well, citing a 24/7 market, global expansion without regulatory blockers, access to instruments such as perpetuals, and removal of fees at the settlement layer via Robinhood Chain. The author sees the strategy as a vertically integrated ecosystem for trading real-world assets on crypto rails, and says Robinhood likely chose Arbitrum over the OP Stack partly to avoid letting Base draw away its users.