Crypto Convergence Accelerates: Robinhood, Stripe Push Boundaries Between TradFi and Crypto
The convergence of traditional finance and crypto is accelerating at an unprecedented pace.
Robinhood, a brokerage firm, has struck a multi-year partnership with Crypto.com and its prediction-market spinout, OG.com. This agreement will enable Robinhood to route selected football event contracts through OG.com's CFTC-regulated exchange and clearing infrastructure.
According to the source, Robinhood already recorded 13.6 billion event contracts in the second quarter, generating about $156 million in revenue.
Meanwhile, Stripe is pursuing a different approach by accumulating Bitcoin as a treasury instrument and core component of corporate capital allocation. The company purchased another 1,375 BTC for approximately $109 million between August 31 and September 4 at an average price of about $79,281 per bitcoin.
The speculative side of crypto has not disappeared, with memecoin markets recording their biggest week of trading activity since the launch of TRUMP. This shows that traders remain willing to chase extreme volatility when liquidity and attention converge.