Robinhood Is Planning to Go 'Crypto First' With Global Expansion
Looking to support more digital assets on the platform.
Financial trading platform Robinhood is now looking towards global expansion by focusing on cryptocurrencies.
Appearing on CNBC in a recent interview, the company’s chief brokerage officer Steve Quirk revealed that Robinhood is now looking to adopt and support more digital assets. “We also have aspirations to take this brand global and we would do so crypto first,” he remarked. When questioned what that meant given other companies such as Coinbase taking up much of the market, Quirk added that “the path for [Robinhood] to go global and have the most traction is probably through crypto.”
The sentiment from the CBO reflects Robinhood’s previous stance when the company wrote in its earnings report that “Robinhood has set aggressive goals to start opening its crypto platform up to customers internationally in 2022. The company believes in the immense potential of the crypto economy and sees a big opportunity in serving customers across the globe.” Since then, the platform has launched a new crypto wallet feature for a select group of beta testers. The platform itself currently supports trading for seven coins, including Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, Ethereum, Ethereum Classic, and Dogecoin.
In other related news, McDonald’s has filed a trademark to enter the Metaverse.
