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Robinhood Growing Its Crypto Team 'Hugely' This Year Says CEO
Tenev had been answering a question from a customer who wished to see the platform "take a bite out of Coinbase."
Vlad Tenev, CEO of brokerage platform Robinhood, said the company is planning to grow its crypto team "hugely" this year.
STORY CONTINUES BELOW
- Speaking in a video Q&A with customers, Tenev said Robinhood wants to "make a huge investment and hire a ton of people" for its crypto business.
- He referred to the recent spike in demand the platform has witnessed with 6 million new customers trading crypto for the first time this year just by the middle of February.
- The Robinhood CEO had been answering a question from a customer who wished to see the platform "take a bite out of Coinbase."
- "We hear you on that," Tenev responded, adding that the platform's focus is to ensure the system is stable and reliable to be able to respond to exponential growth.
- Robinhood announced Wednesday it has hired former Google executive Apanra Chennapragada as its first chief product officer.
See also: JPMorgan Posts 34 Blockchain Jobs as It Beefs Up JPM Coin
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.
