Retail buying and selling app Robinhood has appointed Christine Brown because the chief working officer of its crypto division.The corporate introd
Retail buying and selling app Robinhood has appointed Christine Brown because the chief working officer of its crypto division.
The corporate introduced the appointment an announcement on its web site on Thursday. Brown, who’s the present vice chairman of operations at Robinhood Markets, will now additionally oversee Robinhood Crypto following the appointment.
Commenting on her new position, Brown expressed pleasure at pivoting from conventional finance to the crypto house. “I couldn’t be extra excited to steer our crypto operations, assist our groups construct superb merchandise, and ship an incredible expertise for our clients,” the exec added.
In accordance with the announcement, Brown’s appointment will assist speed up the expansion of Robinhood Crypto. As beforehand reported by Cointelegraph, over 6 million new clients purchased crypto on the platform throughout the first two months of 2021 — greater than 15 instances the 2020 common.
By the tip of Q1 2021, Robinhood revealed that 9.5 million clients traded crypto on its platform. This determine marks a 500% improve within the figures recorded for This autumn 2020.
Certainly, Robinhood says its crypto enterprise has grown three-fold in 2021 with CEO Vlad Tenev stating plans for additional expansions again in March. On the time, Tenev additionally expressed plans so as to add extra buying and selling pairs in addition to the potential of making a cryptocurrency pockets.
Presently, the retail buying and selling app lists Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Money (BCH), Bitcoin SV (BSV), Dogecoin (DOGE) and Ethereum Basic (ETC) on its crypto buying and selling catalog.
Robinhood’s crypto enterprise progress has come amid an obvious wave of curiosity in monetary literacy. Buying and selling apps provided by Robinhood and American alternate big Coinbase are seeing extra downloads on smartphone app shops than common social media platforms like TikTok.