Robinhood’s top crypto exec is leaving, sources say
Robinhood's top crypto executive is departing after nearly five years with the California-based brokerage app company, according to people familiar with the situation.
According to one source, Brown is starting a crypto startup, though the identity of that startup isn't immediately known. Robinhood confirmed Brown’s plans to leave the firm. Robinhood began offering crypto services in 2018, and though the crypto product suite helped the company onboard new users, the strength of that activityin the last quarter of 2021. As previously reported by The Block, crypto saw a mild decline as a percentage of Robinhood’s overall transaction-based revenue. Crypto made up 18.18% of the firm's transaction-based revenue, down from 19.1% the previous quarter.
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