Tag: Robinhood

A consortium of cryptocurrency and traditional finance companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, has been established to back the latter's newest stablecoin offering, the Global Dollar (USDG).  According to a statement released on November 5 by Paxos, the newly established "open network",  called "The Global Dollar Network," aims ...

Retail investment platform Robinhood has made a significant leap in expanding its cryptocurrency offerings, unveiling several new features at its inaugural HOOD Summit. The platform announced its entry into the crypto derivatives market with the introduction of Bitcoin and Ethereum futures trading. It promises to make it accessible even for ...

Robinhood Crypto has introduced crypto transfers for its European customers. They can now buy, sell, and hold over 35 cryptocurrencies, including Bitcoin, Ethereum, Solana, and USDC, according to a recent press release.  As part of the launch, Robinhood is offering a 1% deposit match on all crypto deposits for a ...

Retail investing and trading platform Robinhood has announced its financial results for the second quarter of 2024, and cryptocurrency trading played a significant role in the company's impressive performance. Robinhood reported a 40% year-over-year surge in total net revenues, reaching $682 million. Transaction-based revenues led the charge, increasing 69% to ...

Retail investing platform Robinhood has agreed to a $200 million acquisition of European crypto exchange Bitstamp as it seeks to expand its operations to international markets and serve institutional customers. The company disclosed this move in a press release and social media post on June 6. It stated that this ...

Robinhood’s stock plummeted about 2.5% during the pre-market trading on Monday, May 6, after it was revealed that it received a Wells Notice from the United States Securities and Exchange Commission (SEC) on Saturday, May 4. The Notice was sent to Robinhood in relation to an alleged violation of Sections ...

Robinhood is taking proactive measures in response to recent actions by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase. The popular retail brokerage platform is reportedly investigating its cryptocurrency services and carefully reviewing the regulator's stance to determine its course of action. The SEC's recent legal action ...