The head of the operator of the commercial mobile app Robinhood Crypto to Baiju Bhatt(Baiju Bhatt) organized by TechCrunch conference said that his company is in the medium or long term, is preparing to IPO and looking for a new Finance Director who would have coped with this task. However, according to him, the company takes regular inspections of the Commission on securities and exchange Commission (SEC) and the Agency on regulation of activities of financial institutions (FINRA) in order to verify the absence of possible breaches of regulatory requirements in the field of security and financial activities.
Recall that the company Robinhood officially launched Commission-free cryptocurrency trading through its mobile application in five States in late February. Before you start work on it signed up more than 1 million people. Today Robinhood can use Crypto for more than 5 million users in 19 States. They are available with Classic Ethereum, bitcoin, Ethereum, Dogecoin, Bitcoin and Litecoin Cash.
Venture capital firms, including Andreessen Horowitz, Kleiner Perkins, Sequoia Capital and G invested in Robinhood $539 million in addition, according to TechCrunch, Robinhood, there are three schemes to monetize the service: the percentage for the storage of funds on the platform, selling order flow to cryptomeria to improve their liquidity and a premium subscription Robinhood Gold.
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