Robinhood’s crypto business explodes in the first quarter despite GameStop controversy
The popular trading app offers commission-free trading for Bitcoin, Ethereum and other cryptocurrencies. Go to Source Powered by WPeMatico
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GME drops 14% as GameStop announces plans to sell up to 3.5M shares
After skyrocketing above $370 following the Reddit-driven short squeeze, GameStop shares are now trading at around $160. Go to Source Powered by WPeMatico
Robinhood files SEC paperwork for public offering
The popular trading app has submitted a draft registration statement on Form S-1 with the SEC. Go to Source Powered by WPeMatico
Robinhood targets expanded cryptocurrency trading business
The retail trading platform plans to increase its workforce while adding more cryptocurrency pairs. Go to Source Powered by WPeMatico
Cryptocurrency and Stock Trading Platform Etoro Aims to Go Public Through a $10.4 Billion SPAC Deal
The online cryptocurrency and stock brokerage platform Etoro has announced the company is going public via a deal with a special purpose acquisition company called Fintech Acquisition Corp V. The Etoro merger is a $10.4 billion deal, backed by the banking entrepreneur and Fintech Acquisition Corp V chair Betsy Cohen. Etoro Enters a Special Purpose … Read more
JPMorgan report endorses 1% allocation to Bitcoin as a hedge
Bitcoin would serve as a hedge against fluctuations in traditional assets. Go to Source Powered by WPeMatico
6M noobs have bought coins on Robinhood Crypto already in 2021
Retail users have flocked to cryptocurrencies in 2021, with Robinhood reporting an increase in new monthly crypto traders of 15 times last year’s average. Go to Source Powered by WPeMatico
Ravencoin (RVN) gains 865% as interest in tokenized securities grows
The recent controversy over traditional brokerages restricting stock purchases cast a positive light on tokenized securities and boosted interest in projects like Ravencoin. Go to Source Powered by WPeMatico
Law Decoded: Bringing blockchain into securities markets, Feb. 12–19
But security tokens are not ready to take over the world quite yet. Go to Source Powered by WPeMatico
Congress is blaming Robinhood, not Reddit
We didn’t learn much new in today’s hearing, but the spotlight was definitely on the gamified trading app, rather than the traders on r/WallStreetBets. Go to Source Powered by WPeMatico
