Robinhood crypto chief says no token issuance is a strength for Robinhood Chain

Robinhood crypto chief says no token issuance is a strength for Robinhood Chain Johann Kerbrat, head of the crypto business at U.S. stock and cryptocurrency trading app Robinhood (NASDAQ: HOOD), said on a recent podcast that Robinhood Chain’s decision not to issue a coin is one of its strengths. Kerbrat said blockchain is a purely technical component for the company and infrastructure to support businesses it plans to pursue, adding that the company does not need to keep adjusting strategic priorities to push up or stabilize the price of its own token. He said this helps prevent the company’s business strategy from becoming diluted.