Robinhood makes huge crypto moves at their Cannes Summit.Crypto GM @JohannKerbrat says 30% of @RobinhoodApp revenue already flows through crypto.Next up:- Perps for EU traders- Tokenized US stocks- Custom @arbitrum L2Is Robinhood seeking to beat Coinbase at their own game?Full Cannes chat with @TrustlessState at #ToCatchAToken summit 👇 ...

Potential Robinhood Announcements - Robinhood may announce tighter integrations with established onchain products like Arbitrum One, which is bullish for $ARB and neutral for $ETH [1] - Robinhood could announce its own L2 chain, similar to Base, which would be neutral for $ARB and bullish for $ETH [2] - Robinhood might announce its own L3 Orbit chain settling to Arbitrum One, which is neutral for $ARB and bearish for $ETH [3] Market Impact - An Arbitrum L2 announcement is considered 80% confidence [6] - The market reaction to any announcement will likely see $ARB pump more than $ETH [5][6] - Ethereum proponents will likely view any announcement as a win for "Ethereum" (the tech), while Solana proponents may disagree due to limited value accrual to $ETH (the asset) [5] Strategic Considerations for Robinhood - Launching an Arbitrum L3 chain offers Robinhood full control of the stack, greater scalability, and lower costs, potentially capturing all transaction fees [4] - An L3 strategy is considered the best outcome for Robinhood if they prioritize their own economic zone over native user value accrual [3] - The least value-capture route for Robinhood is tighter integrations with established onchain products [1]