On Nov. 5, crypto, venture capital, and fintech firms Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood announced the launch of the “Global Dollar Network.” The partners are combining resources and expertise to increase stablecoin adoption and expand real-world use cases with the launch of the Global Dollar USDG stablecoin. Paxos will be powering the stablecoin, which is compliant with the upcoming Monetary Authority of Singapore’s stablecoin...
Read More »Stripe Announces Strategic Partnership with Robinhood-backed Bitstamp to Expand Operations in Europe
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Read More »Robinhood: Der US-Broker, der den Aktienhandel revolutioniert
RobinHood: Das US-Start-up ermöglicht mit seiner App den kostenloses Trading und treibt damit die Digitalisierung des Börsenhanels voran. Robinhood, ein US-amerikanisches Finanzdienstleistungsunternehmen mit Sitz in Menlo Park, Kalifornien, hat sich seit seiner Gründung im Jahr 2013 zu einem bedeutenden Akteur im Aktienhandel entwickelt. Das Unternehmen hat sich zum Ziel gesetzt, den Zugang zu den Finanzmärkten zu demokratisieren und bietet eine provisionsfreie...
Read More »Robinhood Crypto Revenue Triples Amid SEC Crackdown
The popular millennial trading platform released its earnings report on May 8, beating analyst estimates. According to its first-quarter results, Robinhood reported record revenues of $618 million, up 40% year-over-year. Additionally, revenue from cryptocurrencies surged 232% to $126 million. “Transaction-based revenues increased 59% year-over-year to $329 million, primarily driven by cryptocurrencies,” the firm stated. Robinhood’s crypto revenue tripled in Q1...
Read More »JPMorgan: SEC’s Wells Notice to Robinhood Won’t Obstruct Approval of Spot Ethereum ETFs
CoinspeakerJPMorgan: SEC’s Wells Notice to Robinhood Won’t Obstruct Approval of Spot Ethereum ETFs The JPMorgan analysts believe the US SEC will establish a middle ground between security and commodity for Ethereum, thus leading to imminent approval of spot ETFs. JPMorgan: SEC’s Wells Notice to Robinhood Won’t Obstruct Approval of Spot Ethereum ETFs
Read More »SEC Slaps Robinhood With Wells Notice Over Securities Law Violations
Robinhood Markets Inc. has become the next crypto trading platform to receive a threat of legal action from the Securities and Exchange Commission (SEC), adding to the sizable list of industry giants on the agency’s hit list. In a Form 8-K filed on Saturday, the company said it received a Wells Notice from the SEC on May 4. Allegations Against Robinhood Specifically, SEC staff disclosed that they’d reached a “preliminary determination” to recommend the agency to file a...
Read More »NYSE Polls Market Participants on Round Clock Stock Trading
CoinspeakerNYSE Polls Market Participants on Round Clock Stock Trading As the NYSE conducts its survey, US regulators are closely scrutinizing an application for the establishment of a 24/7 stock exchange. NYSE Polls Market Participants on Round Clock Stock Trading
Read More »ARK Invest Sells $50M Worth of Coinbase (COIN) Stock amid Recent Rally
CoinspeakerARK Invest Sells $50M Worth of Coinbase (COIN) Stock amid Recent Rally ARK's recent offloading of Coinbase shares stands out as one of its significant divestments in 2024. Prior to Thursday's sale, ARK sold off 270,365 shares of Coinbase on March 11. ARK Invest Sells $50M Worth of Coinbase (COIN) Stock amid Recent Rally
Read More »Cathie Wood’s Ark Invest Divest $44.7M Worth of Coinbase Shares
CoinspeakerCathie Wood’s Ark Invest Divest $44.7M Worth of Coinbase Shares In addition to selling Coinbase shares, Ark Invest also divested 686,864 Robinhood shares from its Next Generation Internet (ARKW) and Fintech Innovation (ARKF) funds. Cathie Wood’s Ark Invest Divest $44.7M Worth of Coinbase Shares
Read More »Robinhood Partners With Arbitrum to Optimize Swaps on Web3 Wallet
Online stock and crypto brokerage firm Robinhood has teamed up with the management team of the Ethereum-based layer-2 network Arbitrum to give its wallet users access to swaps on the protocol. According to a release seen by CryptoPotato, the duo announced the alliance on February 29 at the ETHDenver 2024 event in Colorado, saying the collaboration would simplify the path to layer-2 networks. Robinhood Wallet Taps Arbitrum for Coin Swaps Robinhood Wallet users will be able to...
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