Robinhood has appointed Kristen Brown as operations manager for her cryptocurrency business.
The company announced the appointment in a statement on its website on Thursday. Brown, who is currently vice president of operations at Robinhood Markets, will now also oversee Robinhood Crypto by appointment.
Commenting on his new role, Brown said he was pleased with the transition from traditional economics to the realm of cryptocurrencies. The CEO added, “I am passionate about leading our cryptocurrency operations, helping our teams create amazing products and providing a great experience for our customers.”
According to the announcement, the Brown Agreement will help accelerate Robinhood Crypto’s growth. As Cointelegraph previously reported, more than 6 million new customers purchased cryptocurrency on the platform during the first two months of 2021, more than 15 times the 2020 average.
Towards the end of the first quarter of 2021, Robinhood found that 9.5 million customers traded cryptocurrency on the platform. This number is 500% higher than the figures for the fourth quarter of 2020.
In fact, Robinhood said the crypto business had tripled in 2021, and CEO Vlad Teneff announced plans for further expansion in March. At the time, Tenev also announced plans to add more trading pairs, as well as the possibility of creating a cryptocurrency wallet.
The merchant app currently includes Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE) and Ethereum Classic (ETC) in their cryptocurrency trading catalog …
The growth in Robinhood’s crypto business came amid an apparent wave of interest in financial expertise. Trading apps offered by Robinhood and the US exchange giant Coinbase are downloaded more often on smartphone app stores than popular social networks like TikTok.