The head of the crypto sector of Robinhood has left the company

Robinhood's head of crypto has left the company - RobinhoodThe former crypto sector head at the popular stock brokerage firm Robinhood has left the company, according to several sources familiar with the matter.

Change of guard for Robinhood

Sina Nader, former director of CryptoLux Capital, is looking for a new job opportunity in the cryptocurrency market after exiting the Silicon Valley company, several sources said. Nader previously held positions at Morgan Stanley and Credit Suisse.

Robinhood launched its cryptocurrency trading service, Robinhood Crypto, in February 2018. Nader joined the company in late 2019. During the official hiring announcement, Robinhood said "We are also excited to welcome to Sina Nader in the role of Head of Crypto ", adding:" With extensive experience in the cryptocurrency sector and in some of the major world banks, Sina brings with him the precious experience that comes from roles that embrace the financial system ".

According to a 2019 press release, Nadar was tasked with strengthening the Robinhood cryptocurrency business, including its custody system. More recently, according to a source, Nadar was working on expanding the partners who provide Robinhood Crypto with liquidity. Jump Trading, a well-known Chicago company, has been the primary body for providing liquidity to Robinhood's crypto market since its inception.

New hires

As for hiring, Robinhood currently has two job postings for the cryptocurrency branch on LinkedIn, one of which added yesterday for a Crypto Operations Manager. In the announcement it is written that: The Crypto Operations Manager will manage the daily operations of Robinhood's crypto sector and the entire team of experts on crypto operations.

Among the responsibilities of the Crypto Operations Manager are the promotion of improvements in the operating process, the reduction of operational risk, the management of relations with the premises, the management of users and the supervision of regulations and regulations relating to the sector.

The Crypto Operations Manager will be part of the Operations section and will be based in Menlo Park or Denver, California. " Robinhood recently raised over $ 600 million in an F Series fundraiser that included a subsequent close of $ 320 million.

His post-coin valuation amounts to over $ 8,6 billion. Also this week, the Wall Street Journal reported that the company canceled its plans for a UK launch.

Robinhood Markets, Inc. is an American financial services company based in Menlo Park, California. The company offers a mobile app and website on which users can invest in stocks, ETFs and options through the Robinhood Financial section and trade cryptocurrencies through the Robinhood Crypto section.