Cove Markets

Cove Markets is a cross-exchange trading cryptocurrency platform. Cove Markets allows its users to manage accounts on several platforms, use tools to create investment portfolios.

History

2021: Robinhood bought Cove Markets

In mid-December, Robinhood, with investments from Yuri Milner, bought Cove Markets. The company did not disclose the financial component of the transaction.

As part of the deal, Cove Markets co-founders Scott Knudsen and Victor Glava, along with company employees, will join Robinhood's cryptocurrency team . Due to the merger with Cove Markets, Robinhood plans to improve its own services, in particular, it is planned to expand the set of tools for working with cryptocurrency assets.

Robinhood with investments of Yuri Milner bought the cryptocurrency trading platform Cove Markets

Scott, Victor and the Cove Markets team will strengthen our crypto trading platform and help us strengthen our leadership in the crypto industry, "said Christine Brown's chief operating officer, Robinhood Crypto. - Their rich experience in the field of trade operations and cryptocurrency market infrastructure will help us to create more powerful trading opportunities, which will bring our customers the advantages of better competition in cryptocurrency markets.

Robinhood and Cove Markets have a common goal - to simplify investment in cryptocurrencies and reduce the cost of certain cryptocurrency operations. Together with the Cove Markets team, Robinhood intends to continue creating a world-class cryptocurrency trading platform. Teams will focus on creating high-quality services for digital asset holders. Robinhood drew attention to the fact that since the start of Robinhood Crypto, the company has retained a zero commission for users, and also continued to work continuously to make cryptocurrency more accessible and understandable.^[1]

Notes