Robinhood, a leading trading platform, has announced the appointment of Christine Brown as Chief Operating Officer. Brown will oversee the company’s crypto operations and compliance.
According to the official announcement, the Robinhood Crypto team has already tripled this year as the company hired people across different departments including engineering, compliance and security. The crypto trading platform is planning to expand its product offerings in the future.
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Brown has more than 10 years of experience in product management and operations. She joined Robinhood in 2017 and played an important role in the company’s growth. Robinhood highlighted Brown’s performance in the company’s product operations department.
“For the past few years, I’ve been focused on building traditional financial infrastructure, but I’ve always been fascinated with cryptocurrency and its potential to create a more open financial system. As we continue to pursue our mission of democratizing finance for all, I couldn’t be more excited to lead our crypto operations, help our teams build amazing products and deliver a great experience for our customers,” Brown said in the official announcement.
Robinhood’s Technical Issues
The cryptocurrency market has grown substantially during the last few months. The emergence of new investors is driving the demand for digital currencies. Earlier this month, Robinhood reported a surge in cryptocurrency traders as more than 9.5 million customers traded crypto on the company’s platform in Q1 of 2021. But, the US-based financial services provider has experienced a rise in technical issues during the last few weeks. Last week, Finance Magnates reported about some technical problems in Robinhood Crypto amid a significant jump in cryptocurrency Dogecoin. Today, the crypto trading platform reported few issues in crypto buying power.
“Some customers who traded crypto recently may have briefly noticed that crypto buying power was not updating right away. This has been resolved. If you check the app now, your crypto buying power should be accurate,” Robinhood mentioned on Twitter.
The overall market cap of cryptocurrencies lost more than $250 billion in 24 hours after Bitcoin dropped below $49,000.
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