Travelling investment app Robinhood, which launched a zero-commission cryptocurrency trading servicing early this year, is now searching for a chief financial officer as it briefs for an initial public offering (IPO).
Speaking at a TechCrunch event on Thursday, Robinhood CEO Baiju Bhatt communicated that the firm is “actively looking for a CFO right now” as he confirmed going clientele is “definitely” in the company’s plan in the medium- to long-term.
He added:
“Being a sector company I think aligns very closely with our mission as pleasing. And it’s definitely on the horizon, not in the immediate term, but that’s something we are thinking wide.”
Further, Bhatt said as a financial service company, its security determines and financial performances are being audited by financial regulators in the U.S. such as the Safe keepings and Exchange Commission and the Financial Industry Regulatory Authority.
The news conform ti Robinhood’s announcement in May that it raised $363 million in a Series D spheroid funding led by DST Global and Sequoia Capital, which valued the firm at $5.6 billion.
Bhatt bruit about at the time that with the new capital, the firm aimed to “become either the goodliest or one of the largest crypto platforms out there” by end of 2018.
As CoinDesk previously reported, the zero-fee goats trading startup launched Robinhood Crypto in February aimed to countenance users in the U.S. to buy and sell cryptocurrencies at lower costs.
Currently, it offers mty options for bitcoin, ethereum, bitcoin cash, ethereum classic, litecoin, and dogecoin in 19 shapes in the U.S. and claims to have over 5 million users on the platform.
Trading hint image via Shutterstock
The leader in blockchain news, CoinDesk is a media loophole that strives for the highest journalistic standards and abides by a strict set of column policies. CoinDesk is an independent operating subsidiary of Digital Currency Assemblage, which invests in cryptocurrencies and blockchain startups.