Robinhood's former head of crypto joins FTX.US as COO

Sina Nader, the former head of crypto at brokerage firm Robinhood, has joined FTX.US exchange as COO, The Block has learned.

FTX.US founder and CEO Sam Bankman-Fried confirmed the news, telling The Block: "We're really excited for Sina to join — he brings a ton of experience, energy, and vision for the exchange, and in general for the U.S. crypto market."

"We're looking forward to him massively scaling up FTX.US," said Bankman-Fried, adding that specific expansion plans will be announced "soon."

FTX.US was launched in May of this year and offers spot trading in six coins, including bitcoin (BTC) and ether (ETH). The exchange operates in almost all states, excluding New York and Washington. In comparison, Binance.US has over ten restricted states.

Nader said he is "delighted" to join FTX.US and is "super excited about all we will do." At Robinhood, Nader spent just over eight months, as The Block reported recently. Previously, he held positions at Morgan Stanley and Credit Suisse and was a former director at private crypto investment firm CryptoLux Capital.