Tanya Denisova, chief working officer of Robinhood Crypto, is leaving the agency, based on two individuals with information of the matter.
Denisova had been employed by the favored buying and selling platform for over 5 years, based on her LinkedIn profile.
Neither Robinhood nor Denisova responded to requests for feedback.
The departure comes amid Robinhood lacking its first-quarter earnings and income estimates, primarily resulting from weaker crypto buying and selling actions. Crypto-related income, one among Robinhood’s greatest sources of transaction earnings, fell 47% yr over yr to $134 million, down from $252 million. The drop comes as the corporate works to cut back its reliance on cryptocurrency market swings and reposition the enterprise past price-cycle volatility.
Robinhood allows customers to commerce shares, exchange-traded funds (ETFs), choices, and cryptocurrencies via a mobile-first app. The corporate additionally gives retirement accounts, money administration companies, and market insights designed to simplify investing and broaden entry to monetary markets.
The agency has expanded its presence in crypto by providing commission-free buying and selling for main digital belongings, together with bitcoin , ether (ETH), solana (SOL), and , immediately inside its app.
The corporate additionally gives crypto wallets, onchain transfers, staking companies in choose markets, and academic instruments aimed toward newer traders. As a part of its broader technique to bridge conventional finance and digital belongings, Robinhood has continued to develop its crypto choices internationally whereas positioning itself as a easy, low-cost entry level into the crypto market
Learn extra: Robinhood inventory falls 8% after massive earnings miss resulting from weak crypto buying and selling income
