RobinhoodHOOD CEOVlad Tenevsaid his company does not have any plans for a partnership withElon MusksTwitter.
What Happened:Tenev on a post-earnings call on Wednesday responded to the question about the new "cashtag feature" implemented by Twitter, linking users directly to the Robinhood app.
The feature allows Twitter users totrack the price movementsofBitcoinBTC/USD ,EthereumETH/USD andDogecoinDOGE/USD .
Chris Koegel,VP of Investors Relations at Robinhood, asked Tenev if there was an official partnership forthcoming between the online brokerage and Musk's microblogging platform.
As of now, we dont have any plans to expand or form an official partnership with Twitter," Tenev replied.
See More:Top Indian Apps That Give Bitcoin, NFT Rewards
FTX Effect:Devin Ryan, a JMP securities analyst, asked Tenev if customer engagement in crypto saw pressure after the FTX-related contagion and following valuations decline.
CFOJason Warnicksaid, We have seen a pickup in the first part of the year to levels that are kind of on par with the average for Q4. So I'd say it was a bit of a step on the sideline, watch a little bit, particularly in December.
We continue to think that crypto is here to stay, and we're continuing to invest in this space and are really optimistic," he added.
Robinhood said it plans to purchase the 55 million shares that were acquired by FTX-linked Emergent Fidelity Technologies in May 2022. The shares, valued at more than $550 million, have become the subject of a creditor dispute during the recent FTX bankruptcy proceedings.
Price Action: BTCwas trading at $22,920, down 1.70% in the last 24 hours,according to Benzinga Pro.
Read Next:Bitcoin, Ethereum, Dogecoin Slide Amid Staking-Ban Rumors: Analyst Sees Apex Crypto Losing Love After Valentine's Day Inflation Report
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