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."

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"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.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.