Robinhood, the popular trading app, has announced that its foreign expansion would be “crypto first.”
In an interview with CNBC last week, Steve Quirk, Robinhood’s chief brokerage officer, discussed the company’s recovery strategy and cryptocurrency. The executive mentioned that Robinhood already has seven cryptocurrencies listed and the company is looking for methods to grow the number of cryptocurrencies available.
Several Robinhood executives have previously stated that compliance is the company’s primary objective. To address regulatory standards, the company teamed with Chainalysis, a blockchain analytics tool, in December of last year. In January, the business stated that more regulatory certainty is needed before adding more coins to its platform.
Robinhood will also “bring out some additional services consumers have been wanting for, like wallets,” according to Quirk. Customers have only lately been given access to the platform’s crypto wallets.
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