Robinhood Appoints Insider Christine Brown to Oversee Crypto Operations After Crew Triples in Dimension This Yr | Foreign money Information | Monetary and enterprise information
Robin Hood mentionned Thursday, he appointed a chief working officer to supervise his cryptocurrency division.
Christine Brown, who joined Robinhood as a senior product supervisor in 2017, will oversee all crypto operations and compliance, the corporate stated.
The Robinhood workforce has tripled in measurement this yr because the rising curiosity in cryptocurrencies amongst younger traders has prompted the corporate to broaden its buying and selling providers. 9.5 million prospects traded cryptocurrencies on its on-line platform within the first quarter of 2021, a 460% leap from 1.7 million prospects within the fourth quarter of 2020.
Brown’s 10-year expertise in product administration led her to grow to be Vice President of Product Operations at Robinhood. She is going to proceed to keep up her present place alongside her new place as COO.
“Over the previous few years, I’ve targeted on constructing a standard monetary infrastructure, however I’ve all the time been fascinated by cryptocurrency and its potential to create a extra open monetary system,” Brown stated in a communicated.
Robinhood’s announcement adopted overwhelmingly market disruptions throughout important inventory market occasions. The corporate stated these interruptions are unacceptable, however that there might be intermittent disruption resulting from continued curiosity in crypto.
The corporate at present gives seven exchangeable cash: Bitcoin, Bitcoin Money, Bitcoin SV, Dogecoin, Ethereum, Ethereum Basic, and Litecoin.