Robinhood (HOOD) co-founder and CEO Vlad Tenev is brushing aside some concerns on the Street that Fed rate cuts will make it tougher for his business to perform in 2025.

"If you remember, we went public in a zero-rate environment, and we had done quite well in the zero-rate environment. Transaction volume [was] positive, and we were growing 300% to 400% per year," Tenev told Yahoo Finance at the Goldman Sachs Communacopia and Technology Conference on Tuesday.

Robinhood told analysts on its second quarter earnings call that a 25 basis point rate cut from the Fed would result in a $40 million drop in revenue. The revenue decline reflects earning less on interest-bearing accounts.

Read more: What the Fed rate decision means for bank accounts, CDs, loans, and credit cards

Tenev contended the company's deeper push into crypto (including the acquisition of the Bitstamp exchange), its new credit card offering, and the addition of wealth management services will help it withstand a lower-rate environment.

Lower rates may spur an increase in trading among retail investors on the platform too. "And so I think, on balance, the business will continue to do well," he said.

The Street is a little less certain, however.

"While management suggests the potential upside to transaction revenue will more than offset this decline in interest-related revenue as a 'natural hedge,' we’re not as convinced," JPMorgan analyst Ken Worthington said in a recent client note.

Continued Worthington, "The current trading environment is highly sensitive to heightened volatility with macro pressures like rate cuts and geopolitical events like the US election looming; as such, engagement and performance is tough to gauge especially across retail. Furthermore, September is historically one of the worst performance months for the S&P 500 which will drag customer performance and our understanding is that retail generally does not like to trade underwater."

The analyst has an Underweight rating on Robinhood, the equivalent of a Sell.

The dueling viewpoints are about to be put to the test.

The Fed has widely telegraphed that its first rate cut in several years will be on Sept. 18 as it looks to stabilize an economy that's beginning to slow. Goldman Sachs chief economist Jan Hatzius told Yahoo Finance at the conference he is looking for a series of rate cuts from the Fed.

Robinhood has been able to thrive in the higher-rate environment as a result of its cost cuts and new product releases.

The company reported second quarter revenue grew 40% over last year to $682 million. Net earnings improved sharply to $0.21 a share from $0.03 a year ago.