2021-03-22 16:21:23

Robinhood plans to hire a ‘ton’ of people to expand cryptocurrency operations

The CEO of Robinhood has said the popular trading app plans to hire a “ton” of people in order to expand its cryptocurrency business.

Vlad Tenev said that new cryptocurrencies could be added to Robinhood’s platform, while a much-requested digital wallet feature is also being developed.

“We’re actually growing our crypto team hugely this year, we want to make a huge investment and hire a ton of people,” Mr Tenev said in response to a customer’s question during a virtual fireside chat.

“We had over 6 million new customers that traded crypto for the first time on Robinhood this year… The business has just being going through exponential growth, we really hit an inflection point this year.”

Robinhood currently allows customers to invest in seven different cryptocurrencies, including bitcoin, dogecoin and ethereum.

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