The Robinhood zero commission crypto-trading platform is looking to refine his team with a qualified CFO to launch an Initial Public Offering (IPO).
Robinhood plans to launch an IPO
Baiju Bhatt, CEO of Robinhood revealed that the company is "actively seeking a CFO at this time". The general public is "definitely" part of his projects in the medium and long term, which justifies, according to him, the use of an Initial Public Offering .
"As an open society, I think it also aligns very closely with our mission. And it's certainly on the horizon, not in the immediate future, but it's something we think about, "added Bhatt.In the face of pressure from the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), Robinhood must comply with the regulatory requirements of regulatory authorities.
A growing popularity
Although the company was in the shadow of its competitors before, Robinhood raised $ 363 million for Series D financing led by DST Global and Sequoia Capital last May It was then in the spotlight, being valued at $ 5.6 billion.In addition, the company aims to become either the largest or one of the largest cryptocurrency platforms "by the end of 2018, according to Bhatt's comments of the time.
Launched in February, the crypto-trading startup Robinhood has made a point of providing a lower-cost service for its US users.With more than 5 million users , it currently supports Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC) and Dogecoin (DOGE) across 17 states. US.
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How is it financed if not by fees?
How much centralized is it?
How do they intend to grow with so few items to trade?
This is simple work, friend.
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