Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Robinhood CEO: The company currently has no plans to hold Bitcoin for investment purposes

Robinhood CEO: The company currently has no plans to hold Bitcoin for investment purposes

Bitget2024/12/23 23:37

According to reports, in an interview released on Monday, Vladimir Tenev, the CEO of stock and cryptocurrency trading platform Robinhood, stated that despite the increasing importance of cryptocurrencies to the company, Robinhood currently has no plans to hold Bitcoin for investment purposes.

Tenev pointed out that due to Robinhood's growing interest in cryptocurrencies, the idea of holding Bitcoin is "mentioned from time to time". However, he added that apart from holding some cryptocurrencies to meet customer trading needs, Robinhood has no plans to hold Bitcoin as an investment. He said: "We have not ruled out this possibility but we haven't done so yet. After all, we are not engaged in investment management business."

Tenev continued by saying that although Robinhood hasn't included Bitcoin into its balance sheet like companies such as MicroStrategy and Tesla have done so far; its stock price “is already highly correlated with bitcoin even though we don’t hold it financially”; if Robinhood were to hold Bitcoin for investment purposes it could potentially “complicate” investors' perception of the company making them possibly view it as a “Bitcoin-like holder company”.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!