Tom Lee Says Robinhood Chose Ethereum for Security and Liquidity
Summary
- Tom Lee said Robinhood chose Ethereum as its blockchain-based infrastructure because of the network's security and liquidity.
- He said Robinhood selected Ethereum not for low fees, but because it valued the network's deep liquidity and proven security.
- Lee said Ethereum is evolving into a store of value (SoV), and that users hold it because of its potential for future price appreciation.
Forecast Trend Report by Period
Tom Lee, chairman of BitMine, the world's largest corporate holder of Ethereum reserves, said U.S. trading platform Robinhood chose Ethereum as the foundation for its blockchain-based infrastructure because of its security and liquidity.
In a recent interview, Lee said Ethereum's value now extends beyond simply generating transaction fees, according to Odaily on September 24.
He said Ethereum does not need to raise gas fees or draw more revenue from projects on the network to sustain its growth. Robinhood chose Ethereum as the base for its blockchain business not because of low fees, but because it valued the network's deep liquidity and proven security.
Lee also said Ethereum's role as an asset is changing. It is increasingly becoming a store of value, with users holding it because it has real utility and the potential to appreciate over time.
