Robinhood has excluded the absorption of the FTX Exchange online Birgin

The Robinhood online position is in an excellent position as an independent company, so it does not consider the possibility of its absorption of the FTX cryptocurrency exchange or a competitor to Charles Schwab. This was stated by CEO company Vlad Terev.

“We have a strong balance. We have an amazing team […], we are implementing a product of the product with an unprecedented pace. So I would have launched the question of 180 degrees, ”the top manager explained.

During the conference with Trev analysts, he noted that as of June 30, the company had $ 6 billion in cash and equivalents. Robinhood can direct money to purchase startups that can speed up the implementation of his long -term plans.

CEO recalled the creation of a non-codial web3-patch, which will provide users with full control over cryptocurrency and direct access to Defi and NFT segments.

During the year, Robinhood customers will receive a separate autonomous application with https://gagarin.news/news/u-s-whistleblower-backs-the-nym-privacy-coin/ the possibility of trading, exchange and storage of digital assets without network fees. According to Terev, the number of users in the waiting list continues to grow.

Separately, the head of the company touched the theme of leaflet crypto activists on the platform. In his opinion, a conservative approach in this matter will pay off in the long run. He noted the close attention of the SEC to admission to competitors of assets, which the regulator interprets as unregistered securities.

Recall, on the eve of Robinhood announced a staff reduction by 23%. According to the results of the second quarter, the company received a clean loss per share of $ 0.34 amid a decrease in the number of monthly active users by 1.9 million, to 14 million.

Earlier, the Department of Financial Services of the state of New York fined $ 30 million with a cryptocurrency division of an online brothel due to violations of Aml Norm and cybersecurity policy.

Read the FORKLOG Bitcoin News in our Telegram-cryptocurrency news, courses and analytics.