matthew roszak

 

 

Matthew, also called Vlad Tenev is a Bulgarian-American businessman who co-founded Robinhood, a popular trading app that allows users to purchase and sell fractional shares in some of Wall Street's most well-known corporations. Tenev co-founded the company with Baiju Bhatt, whom he met at Stanford University while studying mathematics. Since its introduction in 2013, Robinhood has grown to become one of the most popular investment apps in the United States, particularly among younger investors just getting their feet wet in the stock market. In 2019, the app included cryptocurrency trading, allowing individual investors to trade Bitcoin, Ether, and other cryptocurrencies without paying a commission.

 

Tenev can expect a lot of inquiries about the path of his company as talk about a Robinhood IPO heats up in the coming months. According to Bloomberg, Robinhood is putting together a team of advisers in preparation for an IPO in early 2021. The continued gamification of financial speculation has powered retail apps and 24/7 global crypto markets alike, and 2021 may see a continuation of Robinhood's growth trend, which would be significant for crypto because the continued gamification of financial speculation has powered retail apps and 24/7 global crypto markets alike.

 

However, in January 2021,  the trading platform was embroiled in controversy following its decision to cease trading for several stocks — including GameStop, AMC, and BlackBerry — that had been pumped up by Redditors on the r/Wallstreetbets forum in an attempt to short-squeeze huge hedge funds. Many people, both inside and outside the crypto industry, were critical of the decision, claiming that it favored big money investors and demonstrated that the mainstream financial system is rigged. Tenev, for one, supported the action, claiming that it was necessary to halt trading to meet clearinghouse deposit requirements.

 

With 13 million users, Robinhood has a chance to lead the continued adoption of cryptocurrencies during the bull market, but some say that the platform's decision to suspend stock purchases has only bolstered the case for decentralized finance and decentralized exchanges. In any case, Tenev began the year with a bright spotlight on him, and the decisions he makes next will have far-reaching ramifications for both traditional and crypto markets.