Robinhood
SEC Tokenized Stock Exemption: First Venues Expected Next Quarter
Nearly two weeks after the SEC Innovation Exemption took effect, no platform has been reported to have filed to run a tokenized stock venue under it, and the agency’s own…
Crypto Revenue for Robinhood Fell by 12% to $51 Million in the Third Quarter.
In the third quarter, online trading firm Robinhood (HOOD) reported $51 million in cryptocurrency revenue, a 12% decrease from $58 million in the second quarter. In an effort to cut…
Ark Invest Buys Coinbase, Block and Robinhood Shares.
With purchases spread across ARKK and ARKW, including shares in Block and Robinhood, Ark Invest bought 10,880 shares of Coinbase (COIN) for its fintech Innovation Fund (ARKF) on Monday. The…
Robinhood Chose Polygon Network for Self-Custody Wallet.
Robinhood has introduced a new Web3 self-custody wallet, with Polygon’s proof-of-stake (PoS) chain as its first blockchain, for select iOS customers. The crypto trading platform opted for Polygon because of…
Robinhood not looking to be acquired: CEO Vlad Tenev.
Vlad Tenev, the CEO of Robinhood, clarified that the retail brokerage is not looking to be acquired despite major bankruptcies and layoffs in the crypto sector. He said Robinhood is…
Robinhood reduces workforce by 23%, significant decline in active users and assets.
After cutting 9% of full-time staff in late April, Robinhood is once again slashing its workforce by 23%. This time around, about 713 employees will be affected. Vlad Tenev, the…
FTX might acquire Robinhood but no formal word yet.
Rumour mills are churning that FTX “might buy” Robinhood, a stock and crypto trading platform, but there is no formal word yet. FTX CEO Sam Bankman-Fried, according to Bloomberg News,…
Sam Bankman-Fried buys 7.6% stake in Robinhood.
Sam Bankman-Fried, the founder and CEO of FTX, has acquired a 7.6% stake – about 56 million shares worth around $648 million – in Robinhood. The financial services company’s shares…
Robinhood lists Grayscale’s Bitcoin and Ethereum Trusts.
Trading app Robinhood has updated its list with the addition of Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (GETH) taking the number of listings to 11. The two latest…
Robinhood to giveaway $100,000 worth of SHIB to 10,000 users
Shiba Inu surged nearly 18% after Robinhood, a popular stock and crypto trading app, added support for the meme coin. Robinhood is giving away $100,000 worth of SHIB to 10,000…
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