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Tenev: Active traders remain active in down markets using options strategies

Vlad Tenev · Robinhood Founder & CEO, Vlad Tenev: Robinhood’s $85BN Resurgence & Tokenizing SpaceX & OpenAI · 20VC with Harry Stebbings · Jul 14, 2025 · at 10:28

Vlad Tenev is the co-founder and CEO of Robinhood. He explains why active traders represent a resilient customer segment across different market cycles.

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“In twenty-twenty-two, it became apparent that we weren't treating this customer base well, and they were even more important because they, they're actually resilient. Since they're active, they have, like, bearish strategies. When the market's moving down, they remain active. When the market's moving sideways, they can do multi-level, multi-leg options.”

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