2 years ago
Popular trading app Robinhood has revealed that its planetary enlargement volition beryllium “crypto first.” The institution said from the regulatory standpoint, crypto is “probably the easiest mode to spell global.” The trading level is besides looking for compliant ways to database much cryptocurrencies.
Robinhood Becoming ‘Crypto-First’ Company
Steve Quirk, Robinhood’s main brokerage officer, talked astir the firm’s turnaround strategy and crypto successful an interrogation with CNBC past week.
Noting that Robinhood present has 7 cryptocurrencies listed, the enforcement revealed that the level is trying to find ways to grow the fig of cryptocurrencies listed. He described:
We are doing a batch of exploration astir uncovering compliant ways to grow that.
Robinhood presently supports the buying, selling, and real-time marketplace information for bitcoin (BTC), bitcoin currency (BCH), bitcoin sv (BSV), dogecoin (DOGE), ethereum (ETH), ethereum classical (ETC), and litecoin (LTC).
Several executives from Robinhood person said antecedently that compliance is the company’s apical priority. In December past year, the institution partnered with the blockchain analytics level Chainalysis to conscionable compliance requirements. The institution besides noted successful January that it is important to get a spot much regulatory clarity earlier listing further coins.
Quirk added that Robinhood volition “also rotation retired immoderate different features radical person been looking for similar wallets.” The level precocious began rolling out its crypto wallets to customers. “By March, we volition grow the programme to 10,000 customers earlier rolling retired to the remainder of the Wenwallets waitlist,” the institution said.
The enforcement further noted:
We besides person aspirations to instrumentality this marque planetary and we volition bash truthful crypto first
The Robinhood enforcement emphasized: “I deliberation the way for america to go global and person the astir traction is astir apt done crypto, and past possibly travel with different components of the offering.” He concluded:
From the regulatory standpoint and each the facets that travel into it, it’s astir apt the easiest mode to spell global
What bash you deliberation astir Robinhood becoming a crypto-first planetary company? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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