Robinhood has seen its market share increase in recent weeks. After the collapse of FTX, according to CEO Vlad Tenev, he confirmed that the company was not affected by the failed exchange.
Tenev also said that Robinhood’s 7.6% stake is owned by FTX founder Sam Bankman-Fried. does not indicate a formal relationship
Tenev also suggested that the FTX collapse was an opportunity for the company. “These events will eliminate weaker companies that invest less in risk management and compliance.”
Robinhood Plans to Expand Crypto Wallet It will be available to users around the world in the near future, Tenev said, demonstrating its continued commitment to the industry.
“Crypto is here,” says the CEO.
The post “Robinhood Gains More Crypto Market Share After FTX Collapse,” CEO Said appeared first on Bitcoin Addict.