Tanya Denisova, chief working officer of Robinhood Crypto, is leaving the agency, in line with two folks with information of the matter.
Denisova had been employed by the favored buying and selling platform for over 5 years, in line with 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 because of weaker crypto buying and selling actions. Crypto-related income, one among Robinhood’s largest sources of transaction earnings, fell 47% 12 months over 12 months to $134 million, down from $252 million. The drop comes as the corporate works to scale back its reliance on cryptocurrency market swings and reposition the enterprise past price-cycle volatility.
Robinhood permits customers to commerce shares, exchange-traded funds (ETFs), choices, and cryptocurrencies via a mobile-first app. The corporate additionally provides retirement accounts, money administration providers, 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 providers in choose markets, and academic instruments geared 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 large earnings miss because of weak crypto buying and selling income