Tanya Denisova, chief operating officer of Robinhood Crypto, is leaving the company, according to two people familiar with the matter.
Denisova had been employed by the popular trading platform for over five years, according to her LinkedIn profile.
Neither Robinhood nor Denisova responded to requests for comment.
The departure comes as Robinhood missed its first-quarter profit and revenue estimates, primarily due to weak cryptocurrency trading activity. Crypto-related revenue, one of Robinhood’s largest sources of trading revenue, fell 47% year over year to $134 million from $252 million. The drop comes as the company works to reduce its reliance on cryptocurrency market fluctuations and reposition the business beyond the volatility of the price cycle.
Robinhood allows users to trade stocks, exchange-traded funds (ETFs), options, and cryptocurrencies through a mobile app. The company also offers retirement accounts, cash management services and market intelligence designed to simplify investing and expand access to financial markets.
The company has expanded its presence in the crypto space by offering commission-free trading for major digital assets, including bitcoin. ether (ETH), solana (SOL) and directly in its application.
The company also offers crypto wallets, on-chain transfers, staking services in select markets, and educational tools for new investors. As part of its broader strategy to bridge traditional finance and digital assets, Robinhood has continued to expand its crypto offerings internationally while positioning itself as a simple, low-cost entry point into the crypto market.
Learn more: Robinhood stock falls 8% after significant profit miss due to weak cryptocurrency trading revenue
