May 25, 2022

Robinhood plans to expand cryptocurrency services

In an interview published on the YouTube channel of the company, General Director of Robinhood Vlad Tenev told about what he wants to expand services in the sphere of cryptocurrency trading and add new trading pairs.

“How many people are pushing me on thisthe question in social networks is that it’s the only way I get our cryptocommand and software developers. We are going to make the update as quickly as possible. And then let's see. It is very likely that in the course of work we will add a few new coins, ”said Tenev.

During the interview, Ten also spoke about the possibility of launching a cryptocurrency wallet Robinhood, although he explained that they would carefully think about it.

What happens around Gamestop whenThe WallStreetBets movement has taken up the share of the company and the platform has decided to stop trading, Tenev was limited by the words that it was a definite fool for a silver plate. Other comments from it did not follow.

At the beginning of January, it was announced about the plans of Robinhood to enter the stock exchange through an IPO, this will give the platform the opportunity to offer promotions through the joint venture.

Coronavirus pandemic has led to an increase in the number of user

According to CNBC, the Robinhood audience grew from 10 million users in December 2019 to 1Z million in May 2020.

In April 2020, Forbes included the platform in the top 10 largest fintech companies in the United States.

In early January 2021, Robinhood also announcedabout a new partnership with the famous American network of supermarkets Walmart for the creation of a financial start-up offering innovative, reliable and reliable