Johann Kerbrat
11 Aug 2026META’s Philosophy, Gym Class Hacks, PE Boyfriends, $300M Cambridge Aerospace, Hamsters on Strava
Robinhood's Johann Kerbrat: Crypto Trading Launches in the UK
Johann Kerbrat announces Robinhood is launching crypto trading inside its main UK app, with 50+ cryptocurrencies, zero trading fees, and an AI-powered Cortex Digest for crypto news and indicators. He describes international expansion and localization (UK ISAs, FX fees), working with the FCA and the acquired Bitstamp's license, and customer education for crypto. He also covers Robinhood's AI push, including internal coding agents, an MCP that lets customers connect trading agents to Robinhood APIs in the US, and 24/7 trading via stock tokens.
AI Agents vs. Hedge Fund Alpha: Hosts Debate Market Efficiency
After Johann leaves, the hosts react to the agentic trading discussion and recall a hedge fund friend's explanation of how funds harvest mispricings. They debate whether AI agents all pricing assets optimally around the clock would push market inefficiencies, and therefore arbitrage opportunities, toward zero, while acknowledging they may be being naive.