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Robinhood’s Crypto Revenue Dropped by 12% Last Quarter

As the valuation of cryptocurrencies wanes across the board, so do the revenues of platforms dealing with them. Although primarily a stock trading platform, Robinhood added crypto to its portfolio back in early 2022. At the time, over 1.2 million people were on the waiting list to get a piece of the digital asset pie. Unfortunately, the crypto market took a tumble shortly after – and the company’s revenues did too. Stocks Are Up, Crypto Is Down According to Robinhood’s...

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Robinhood Crypto Division Hit with $30 Million Fine

The crypto division of the popular trading app Robinhood has been slapped with a $30 million fine in New York after the company allegedly violated cybersecurity regulations and anti-money laundering laws. The penalty was handed down by the New York State Department of Financial Services, which accused the company of failing to utilize proper resources to halt illicit trading activity on its platform. Robinhood Has Landed in Hot Water A press release involving the matter...

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Robinhood Net Revenue Slided 43% With Crypto Trading Down 39%

The millennial-focused exchange Robinhood has experienced a sharp decline in trading activities for Q1 2022, according to the company’s latest financial report. The broader crypto market remaining bearish and the recent global equity selloffs have contributed to the disappointing financial figures, the report suggested. The Q1 report stated that the company’s total net revenue was $299 million, a 43% decrease from $522 million in the first quarter of 2021. Transaction-based...

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Robinhood Shares Fall as Company Fires 9% of Full-Time Employees

Vlad Tenev – co-founder of the Robinhood trading app – announced on Tuesday that the company is letting go of 9% of its full-time employees. The company’s share price fell shortly afterward to just $10.00 at the time of writing – 12 cents above its all-time low as a public company. According to the co-founder’s blog post, Robinhood experienced a period of hypergrowth from 2019 to 2021. Net funded accounts grew from 5 million to 22 million, and revenue from $278 million to...

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Robinhood kauft Bitcoin-Börse und expandiert nach Europa

RobinHood: Das US-Start-up ermöglicht mit seiner App den kostenloses Trading und treibt damit die Digitalisierung des Börsenhanels voran. Startet nun der grosse Angriff auf Bitpanda und andere europäische Neo-Broker? Sicher ist, Robinhood streckt seine Fühler nach Europa aus! Spätestens seit der Coronamassnahmenkrise und den wilden Wallstreetbets rund um Meme-Aktien wie Gamestop, ist Robinhood auch hierzulande vielen Anlegern ein Begriff. Der...

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Shiba Inu Soars 35% on Robinhood Listing

The American financial services company – Robinhood – allowed its customers to deal with Shiba Inu (SHIB), Solana (SOL), Polygon (Matic), and Compound (COMP). The additions come after last week, the firm rolled out its cryptocurrency wallet to two million users. According to a recent blog post, Robinhood Markets Inc. included four new digital assets on its trading platform. These include the popular memecoin – Shiba Inu, the sixth largest crypto token by market capitalization...

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Here’s How Much Dogecoin Robinhood Owns on Behalf of Clients

Two wallets by Robinhood hold around $6 billion worth of Dogecoin (DOGE) for its customers. This is evident by a report from Dogecoin Whale Alert, a site dedicated to analyzing real-time transactions on the DOGE blockchain and tracking transfers of 4M DOGE or more. According to the data collected by Dogecoin Whale Alert, Robinhood wallet333495 has six addresses holding Dogecoin, with DBs4WcRE7eysKwRxHNX88XZVCQ9M6QSUSz string more than 30 billion DOGE, equivalent to $4...

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