Mobile investment app Robinhood launched a zero-commission cryptocurrency trading service earlier this year is now looking for a Chief Financial Officer as the startup is preparing for the initial public offering.
Speaking at a TechCrunch event on Thursday, Robinhood’s CEO Baiju Bhatt revealed that the firm is “actively looking for a CFO right now” because he has publicly known “definitely” in the company’s long term plan has confirmed.
In addition, Bhatt said as a financial service company, its security measures and financial demonstrations are in the U.S. The financial regulators are such as the Securities and Exchange Commission and the Financial Industry Regulatory Authority.
The news follows Robinhood’s announcement in May that he raised $363 million in a Series D round funding led by DST Global and Sequoia Capital, which gave the firm $5.6 billion worth of the firm.
At the time Bhatt said that with the new capital, the firm’s goal was to “to become one of the largest or biggest crypto platforms” by the end of 2018.
The zero-fee stock trading startup launched Robinhood Crypto in February aimed to allow users in the U.S. in order to allow users to buy and sell cryptocurrencies at a lower cost.
Currently, it is offering trading options in17 states for Bitcoin Cash, Ethereum, Bitcoin, Litecoin, Ethereum classic and dogecoin and claims to have more than 5 million users on the platform.