Robinhood isn’t rushing into crypto treasuries, exec says

Robinhood executive Shiv Verma says buying crypto could align it with the community more, but questions if it's “the right thing for shareholders.”

Trading platform Robinhood Markets is still undecided about whether to buy and hold crypto, as many treasury firms have this year, even though doing so could make it more aligned with the crypto community, according to an executive.

”We spent a lot of time thinking about this,” Robinhood’s finance and strategy vice president Shiv Verma said in response to a question on whether the company would buy and hold crypto during its third-quarter earnings conference on Wednesday.

“We like alignment with the community. We are a big player in crypto. We want to keep doing it. We like that our customers are engaged in it,” he added.

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