Digital investment platform Robinhood has selected Christine Brown to lead Robinhood Crypto as Chief Operating Officer, according to a statement by the company. Brown is expected to oversee all of Robinhood’s crypto operations and compliance. Currently an employee at Robinhood, Brown is expected to keep her current role of Robinhood Markets’ VP of Product Operations. d
Robinhood said that crypto is a “huge part of our efforts to expand access to financial services and democratize finance for all.”
By enlisting a dedicated executive, Robinhood expects to accelerate both offerings and investments in digital assets. Robinhood has previously stated that interest in crypto has grown dramatically and its crypto team has grown accordingly.
Brown joined Robinhood in 2017 and recently developed and oversaw Robinhood’s Product Operations department. Before that, she led the product strategy for Clearing by Robinhood Securities, said to be the “only clearing system built from scratch, and on modern technology, in more than a decade.”
“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,” said Christine Brown, COO of Robinhood Crypto. “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.”
Vlad Tenev, CEO and co-founder of Robinhood, predicted that Brown will do great things leading the team at a time of tremendous growth.
Robinhood is expected to pursue an IPO at some point in 2021. The public offering of the Fintech will be closely watched by both industry insiders and competitors. IT is not all smooth sailing for the investment platform as Robinhood is currently battling a legal action taken by the State of Massachusetts to remove its trading privileges within the state.