{"id":206510,"date":"2021-03-19T20:24:54","date_gmt":"2021-03-19T17:24:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/robinhood-plans-hiring-spree-for-cryptocurrency-operation\/"},"modified":"2021-03-19T20:24:54","modified_gmt":"2021-03-19T17:24:54","slug":"robinhood-plans-hiring-spree-for-cryptocurrency-operation","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/robinhood-plans-hiring-spree-for-cryptocurrency-operation\/","title":{"rendered":"#Robinhood plans hiring spree for cryptocurrency operation"},"content":{"rendered":"

“#Robinhood plans hiring spree for cryptocurrency operation<\/strong>”
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Robinhood is planning to beef up its cryptocurrency staff this year amid an explosion of interest in trading digital coins, CEO Vlad Tenev said.<\/p>\n

The popular investment app<\/a> has been hiring \u201ca ton\u201d of new staff as it works to roll out more cryptocurrency offerings \u2014 including the ability to move crypto assets to and from a user\u2019s digital wallet, according to Tenev.<\/p>\n

\u201cWe\u2019re actually growing our crypto team hugely this year,\u201d Tenev said during a virtual \u201cfireside chat\u201d <\/a>Robinhood posted to YouTube<\/a> Thursday. \u201cThe business has just been going through exponential growth. We really hit an inflection point this year.\u201d<\/p>\n

Tenev didn\u2019t say exactly how many workers Robinhood will add to its crypto team, but he said the startup would be able to expand the operation faster when it has \u201chundreds of people\u201d on board.<\/p>\n

Robinhood\u2019s crypto business has boomed this year as bitcoin prices soared and a growing number of major companies such as Tesla and Square added it to their balance sheets.<\/p>\n

More than 6 million new customers traded cryptocurrency for the first time on Robinhood from the start of the year through mid-February, according to Tenev.<\/p>\n

One of the crypto team\u2019s top priorities is allowing Robinhood traders to deposit and withdraw cryptocurrencies through the platform \u2014 a feature that\u2019s in high demand, Tenev said.<\/p>\n

Users can currently only buy and sell crypto assets with cash in their Robinhood accounts. The company says<\/a> it\u2019s working on features that would let them transfer coins between their brokerage accounts and their own digital wallets.<\/p>\n

\u201cAs much as people are bugging me on that on social media, I\u2019m bugging our crypto team and our software engineers so we\u2019re going to try to get that done as fast as possible,\u201d Tenev said.<\/p>\n

But Tenev said his company wants to make sure the platform is reliable and that those new features are safe before they\u2019re rolled out to users. He noted that many traders don\u2019t want to deal with the \u201cvery complicated\u201d task of managing digital coins themselves.<\/p>\n

Robinhood is expanding its crypto footprint after catching heat for blocking trades of Game<\/a>Stop and other so-called meme stocks in January. Tenev has said Robinhood only did so after getting a $3 billion demand from a Wall Street clearinghouse amid the unprecedented market frenzy.\n <\/p><\/div>\n