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Robinhood Names First Chief Operating Officer for Crypto Division
Christine Brown will head compliance and operations for the trading app's crypto wing.
Robinhood Crypto has appointed its first chief operating officer (COO).
STORY CONTINUES BELOW
- Christine Brown will oversee the trading app’s crypto operations and compliance, according to an announcement Thursday shared exclusively with CoinDesk.
- She will perform this role alongside her existing position as vice president of product operations.
- Robinhood has experienced a surge in crypto interest on its platform so far in 2021, with 9.5 million customers engaging in trades in Q1, up from 1.7 million in Q4 2020.
- CEO Vlad Tenev stated in March that it was the company’s intention to grow its crypto team “hugely” this year to meet this increase in demand and to try and ensure that the growth is sustainable.
- It was revealed Wednesday that Tenev is an early investor in decentralized finance (DeFi) upstart Terra.
- The Cosmos-based project raised $25 million in a funding round led by Galaxy Digital and Coinbase Ventures in January.
Read more: Robinhood Growing Its Crypto Team ‘Hugely’ This Year Says CEO
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
