RobinhoodCrypto COO: Robinhood 'doesn't think' about NFT trading

Although Robinhood was hit by a downturn in its crypto industry in the third quarter, Golden Financial announced that Christine Brown, COO of the Robinhood Crypto crypto division, is doing well. Brown said more than 60% of Robinhood's income was traded in cryptocurrency in the second quarter. The highly anticipated cryptocurrency wallet, announced by Robinhood in September, will not be released until next year. Brown said he is currently releasing an alpha version and currently has a small customer base of 5-10 and will actively work with Robinhood at the end-user level. When it comes to naming new tokens, Brown says the company is taking a "security-first approach" and won't be adding new tokens anytime soon. Regarding NFTs, Brown said the company "will not consider" a similar product announcement for Coinbase's future NFT business.