Robinhood’s head of crypto, Johann Kerbrat, pointed out that crypto investors are looking for more ways to explore crypto beyond just holding tokens amid market uncertainty.
Crypto investors are increasingly exploring beyond the top three cryptocurrencies as the market downturn continues, according to Robinhood's head of crypto, Johann Kerbrat.
“So we actually see a lot of customers continuing to trade crypto and diversifying, not just on the top two or three assets, but actually going pretty wide,” he said, referring to the largest two cryptocurrencies by market capitalization, Bitcoin (BTC) and Ether (ETH).
“The market is very unsure as to what’s the next asset they want to own after that,” he said, adding that Solana (SOL) is “maybe” the third asset on the radar. Bassili said at the time that there is a “very, very clear view” in the community in terms of Bitcoin being the first priority, followed by Ethereum.
Kerbrat said staking has gained “very strong traction” since Robinhood rolled out the feature in December, and that more crypto holders are now exploring decentralized finance (DeFi) despite the market uncertainty.
Meanwhile, US spot Bitcoin exchange-traded funds (ETFs) have posted five consecutive weeks of net outflows, with investors pulling roughly $3.8 billion from the products over the period.
Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. To support open access to our website and sustain editorial operations, certain commercial or partner references may appear on our site. These arrangements help maintain an accessible platform and do not result in additional costs to readers.
