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Robinhood Crypto has introduced a major new feature for European users, allowing them to deposit and withdraw over 20 different cryptocurrencies. The new crypto transfer service includes a limited-time 1% deposit match. With this launch, the platform also reinforces its focus on self-custody, security, and decentralized finance (defi) accessibility. Robinhood Crypto Rolls Out Crypto Transfers … Read more
Robinhood users in Europe can now deposit and withdraw crypto using external wallets and exchanges like Binance. Go to Source
California Attorney General Rob Bonta has announced a $3.9 million settlement with Robinhood Crypto for restricting cryptocurrency withdrawals and not fully disclosing trading practices. The settlement marks the first public action by California’s Department of Justice against a cryptocurrency firm. As part of the settlement, Robinhood must allow customers to withdraw cryptocurrencies to their own … Read more
Robinhood Markets announced a record-breaking $682 million in revenue for the second quarter, highlighting a 161% rise in cryptocurrency revenue. Robinhood’s assets under custody also saw a 57% increase, driven by key acquisitions and the rising value of both equities and cryptocurrencies. Robinhood Reports Record Q2 2024 Revenues Driven by Cryptocurrency Trading Robinhood Markets, Inc. … Read more
The $81 million Robinhood made in crypto revenue was more than double made from equities in Q2. Go to Source
Robinhood’s $200 million acquisition deal comes despite receiving a Wells notice from the SEC in May. Go to Source
A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement Against Robinhood’s Crypto Ventures, Company Says It Is Cooperating The staff … Read more
Roughly 150 full-time employees are being laid off, according to internal company messages. Go to Source Powered by WPeMatico
The price of Cardano lost 30% over the past week as it gets delisted from popular trading platforms such as Robinhood following the U.S. SEC intervention. Go to Source Powered by WPeMatico
The full launch and removal of the 1 million waitlisted users come six months after Robinhood launched its beta version in September. Go to Source Powered by WPeMatico
