Robinhood Crypto Chief Operating Officer Tanya Denisova is leaving the company, according to two people with knowledge of 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 amid Robinhood missing its first-quarter earnings and revenue estimates, largely due to weaker crypto trading activity. Crypto-related revenue, one of Robinhood’s biggest sources of transaction revenue, fell 47% year over year to $134 million, down from $252 million. The drop comes as the company works to reduce its reliance on cryptocurrency market volatility and reposition the company beyond price-cycle volatility.
Robinhood enables users to trade stocks, exchange-traded funds (ETFs), options and cryptocurrencies through a mobile-first app. The company also offers retirement accounts, cash management services and market insights designed to simplify investing and expand access to financial markets.
The firm has expanded its presence in crypto by offering commission-free trading of major digital assets, including bitcoin ether (ETH), solana (SOL) and directly in its app.
The company also provides crypto wallets, onchain transfers, staking services in select markets, and educational tools aimed at newer investors. As part of its broader strategy to bridge the gap between traditional finance and digital assets, Robinhood has continued to grow its crypto offerings internationally while positioning itself as a simple, low-cost entry point to the crypto market
Read more: Robinhood stock falls 8% after big earnings miss due to weak crypto trading revenue
