The CEO of trading platform Robinhood, Vlad Tenev, is acknowledging that users are clamoring for new crypto assets to be listed on the app.
in an earnings call that more crypto assets will be added to the platform “going forward.”
“So we’ve been hearing from customers loudly. We know they want more cryptocurrencies on the platform… We feel very confident about the coins that we have on the platform, and we intend to add more coins going forward that we want to do it prudently.”
While the commission-free trading app looks to list more crypto assets, Tenev says the firm wants to ensure that the candidates are not unregistered securities.
“The main concern with adding a large number of coins is that platforms that are adding lots of them could be adding unregistered securities. They’re watching the space closely. We’re being deliberate. We want to avoid triggering SEC [U.S. Securities and Exchange Commission] registration requirements for cryptocurrencies.”
Tenev adds that the trading app’s customers have also shown immense interest in non-fungible tokens (NFTs).
“Yeah, we’ve been watching this [NFT] space carefully as well. We know there’s a lot of customer interest in this area, and we’ve grown our crypto team and are investing heavily in crypto.”
The Robinhood CEO also says that the trading app’s 2022 ambitions include plans for global expansion.
“We’ve set aggressive targets to start opening our crypto platform internationally this year. So we aren’t able to say exactly when or which countries, but I would tell you, international is especially interesting for crypto, which is built to be global by default. And being a global company is core to our vision.
We look forward to updating you as soon as possible and making Robinhood available all over the world. We think there’s a huge opportunity there.”
