In the face of a growing community of investors, the online brokerage Robinhood announced on Monday (March 15) that it will double its recruiting capabilities with the addition of Binc. Founded 19 years ago, Binc is an 80-person recruiting firm that has assisted a number of tech firms in finding new employees, Robinhood included. Binc CEO Boris Epstein and other members of the Binc team will immediately join Robinhood.
“The Binc team shares our values, commitments to diversity and inclusion, and high bar for talent,” Marcelo Modica, chief people officer at Robinhood, said in a news release. “We’re delighted to welcome them to Robinhood as we accelerate our hiring.”
Last month, PYMNTS reported that Robinhood had added six million new users of its cryptocurrency services in the first two months of 2021. That’s a substantial upswing from 2020, when the company was adding just 200,000 new customers a month. Those crypto services allow Robinhood users to buy or sell cryptocurrency. The company recently announced that it would unveil a new feature that lets users deposit and withdraw crypto and transfer it to other wallets.
The company came under fire this year in the wake of its decision to suspend trading on some of its high-performing stocks, in what it said was an effort to keep the market under control. Customers were also upset when, due to the GameStop frenzy, Robinhood shuttered a feature that allowed users to buy crypto securities instantly.
Despite this chaotic start to the year, investor interest in Robinhood remains. Last week, CNBC reported that the app would most likely go public on the Nasdaq, although sources said it was unclear whether the company would hold a traditional IPO or go public through a direct listing.
