Robinhood gaining crypto market share after FTX collapse, CEO says

📆 08/12/2022 00:55:00
📰 TheBlock__

⏱ Reading Time:
21 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 53%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Tenev says Robinhood has had no exposure to FTX, and an 'increase in marketshare' in the weeks following its collapse.

Robinhood CEO Vlad Tenev said the firm had “no direct exposure” to FTX, and has seen an “increase in marketshare” following the exchange’s collapse.“These events weed out the weaker companies that have invested less in risk management and compliance,” he said.

Tenev also said that the 7.6% stake of Robinhood owned by FTX founder Sam Bankman-Fried does not indicate a formal relationship. The comments come amid a rough time for the industry. FTX filed for Chapter 11 bankruptcy protection on Nov. 11, followed by BlockFi, and lender Genesis Global Capital is on the brink. Crypto prices are down from record highs last year and skepticism about the sector is growing.

Scrivi un Commento

with it's non custodial wallet and direct 0xPolygon integration Robinhood understands DeFi more than any other Cex DeFiForAll

SBF's lone successful hedge

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

DeFi Risk-Sharing Protocol Nexus Expects Loss on Maple Credit Pool Investment as FTX Contagion WidensNexus Mutual predicts a loss of 2,461 ETH of its initial investment in a wrapped ether credit pool on Maple Finance. More funds appear at risk, as 56% of the pool’s debt is to crypto firms Auros Global and Orthogonal Trading. sndr_krisztian reports
Fonte: CoinDesk - 🏆 291. / 63 Leggi di più »