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Robinhood aquires cross-exchange crypto trading platform Cover Markets

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December 15, 2021
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Robinhood aquires cross-exchange crypto trading platform Cover Markets
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We’re excited to share that Cove Markets is becoming a member of Robinhood.

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Cove Markets Inc. is a cross-exchange buying and selling platform that makes it simpler for folks to handle their crypto accounts. As a part of the acquisition, co-founders Scott Knudsen and Victor Glava, in addition to the Cove Markets group, will be a part of the Robinhood crypto group.

Robinhood and Cove Markets share a typical aim of constructing investing in cryptocurrencies easier and decrease value. With the Cove Markets group on board, we’ll proceed constructing a world-class crypto buying and selling platform. The group will concentrate on acquiring high quality executions for patrons within the crypto market.

“We began Cove Markets three years in the past to assist crypto traders get essentially the most out of their buying and selling expertise,” mentioned Scott Knudsen, CEO and Co-Founding father of Cove Markets. “Now, we’re excited to affix Robinhood to assist construct a world-class platform that may enhance buying and selling for hundreds of thousands of consumers.”

“Scott, Victor and the Cove Markets group will bolster our crypto buying and selling platform and assist us strengthen our management within the crypto trade,” mentioned Christine Brown, Chief Working Officer of Robinhood Crypto. “Their wealth of expertise in buying and selling execution and crypto market infrastructure will assist us to construct extra highly effective buying and selling capabilities, bringing the advantages of higher competitors within the crypto markets to our clients.”

Since launching Robinhood Crypto in 2018, we’ve labored onerous to make crypto extra accessible and simpler to grasp, all whereas persevering with to supply zero-commission charges. Blockchain and cryptocurrencies had been created to decentralize finance and return energy to the folks—which align completely with our mission to democratize finance for all. We’re actively hiring for our crypto group throughout our U.S. places of work, in addition to distant places—try our open roles.



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