Robinhood Plans to Launch IPO

Karan Balwani

September 12, 2018 4:30 pm

Cryptocurrency News

Robinhood Plans to Launch IPO
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As public interest in cryptocurrencies and blockchain technologies continues to grow, cryptocurrency exchanges are also seeing an exponential growth in the market. Robinhood is one such exchange that has made headlines on numerous occasions. Whether it’s the zero-fee stock trading or selling tokens for ICOs, Robinhood seems to be doing incredibly well.

Although ICO is the most popular way of raising funds in crypto projects, Robinhood has decided to go against the grain by taking the IPO route.

Its common for financial firms to get listed on a notable stock exchange. Baiju Bhatt, CEO, Robinhood is eager to file for an ICO. The firm requires a chief financial officer for this plan. The company has allowed the SEC, FINRA and its internal security team to carry out audits.

The decision to ditch ICO and choose IPO is surprising, as investors and users were expecting the company to create their own crypto tokens through an Initial Coin Offering. Cryptocurrency exchanges have historically gained plenty of success with ICO launches. Binance is probably the most successful ICO in the history of crypto exchanges. This also helps give users and investors a sense of security and legitimacy.

Robinhood is on its way to becoming one of the most popular cryptocurrency exchanges in the world. They regularly add new currencies to their portfolio, and they zero-fee stock trading has been the main attraction for users and investors alike.

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