Robinhood Crypto Exec Steps Down After Less Than a Year on the Job
After five years at Robinhood, Christine Brown said Tuesday she was stepping down from her role as COO to pursue other avenues in crypto
Source: Shutterstock
key takeaways
- Christine Brown said she was stepping down from her role as Robinhood Crypto’s COO
- The former executive also said she would be “staying in the crypto space” to pursue a new venture “soon”
Robinhood Crypto’s chief operating officer has called it quits after less than 12 months in the role.
Christine Brown, who joined Robinhood’s crypto subsidiary in April of last year, said in a Twitter post on Tuesday she was “moving on to start something new.”
Brown began her career at Robinhood Markets as the company’s vice president of product operations in 2017 before making the jump to the newly created role as COO. Robinhood Crypto is a subsidiary of Robinhood Markets LLC.
She said she joined Robinhood when the company employed fewer than 100 people, prior to offering its crypto product, and had watched the company grow to serve more than 22 million users.
“I’ve lived three chapters during my time here: building a self-clearing firm, standing up a Product Operations team and supporting our scaling crypto business,” Brown said in a follow-up tweet. “Through each, I’ve seen how technology has the power to democratize finance and create opportunities for people.”
Prior to her time at the California-based brokerage, Brown worked at global technology giant Google for four years, leveraging over a decade of experience in product management and operations. Brown also performed a two-year stint at US for-profit educational organization Udacity.
The former Robinhood executive said she was “excited to be staying in the crypto space” and that details around her new pursuits would be coming “soon.”
Brown’s departure follows the stock trading platform’s reported $423 million net loss for the last financial quarter in January. Its share price (HOOD) nose-dived 15% to around $10.15 per share following a weaker-than-expected earnings posting.
Robinhood’s shares have since recovered — up 20% in the previous five days and currently changing hands for around $15.91, market data shows.
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