Why did Robinhood develop Ethereum Layer-2?

Robinhood's Ethereum Layer-2 Vision

Robinhood has announced the development of an Ethereum-based layer-2 solution. The company shared the motivations and goals behind this move.

Security Priority

In the statement, Robinhood executives highlighted the security advantages offered by Ethereum. It was emphasized that the design of the layer-2 solution is based on the robust security protocols of Ethereum. This aims to protect users' assets.

Goals and Benefits

The layer-2 solution aims to shorten transaction times and reduce costs. Robinhood plans to enhance the user experience with this step and reach a broader audience.