Robinhood Evaluates Holding Crypto On Balance Sheet – Balancing Community & Shareholder Goals

Trading platform Robinhood continues to evaluate the potential of holding cryptocurrencies like Bitcoin and Ethereum on its balance sheet, despite strong Q3 performance that saw a 300% increase in crypto-related revenues. The decision weighs community alignment with shareholder interests, according to Vice President of Finance and Strategy, Shiv Verma. While emphasizing Robinhood’s commitment to the cryptocurrency ecosystem, he acknowledges that holding crypto carries financial costs and asks the question: ‘Is it the best use of our capital?’. He notes the debate is ongoing with no final decision yet made on this strategic move.