Tag Archives: robinhood

Alphabet’s decision to completely divest from Robinhood raises questions about the tech giant’s confidence in the long-term viability of the once-burgeoning fintech darling. In a recent development, Alphabet Inc (NASDAQ: GOOGL), the parent company of Google, announced the dissolution of its stake in the trading app operator, Robinhood Markets Inc (NASDAQ: HOOD). This decision follows Alphabet’s earlier reduction of its stake in the company by nearly 90%, leaving it with approximately...

Despite some setbacks, Robinhood remains committed to the crypto space. Investing app Robinhood saw its crypto trading revenue drop further in the third quarter of 2023. While the company’s net gains increased by 29% year-over-year to $467 million, its transaction-based income decreased. According to the quarterly report, the crypto trading revenue plummeted by 55% to $23 million. The loss continues a downward trend for crypto-based transactions on the app. Recall that there was a loss of...

TL;DR Robinhood introduces cryptocurrency services in Nevada, covering major digital assets including Bitcoin, Ether, Dogecoin, and Shiba Inu. Dogecoin and Shiba Inu’s prices slightly retrace post-announcement, despite Robinhood’s significant SHIB holdings worth around $250 million. SHIB’s future valuation might be influenced by mass adoption and the development of Shibarium, aiming for faster, cheaper transactions. The American-based financial services company – Robinhood –...

Crypto and stock trading platform Robinhood (HOOD) has executed a nine-figure buyback of its own shares from FTX’s former executives, including disgraced boss Sam Bankman-Fried and his fellow co-founder Gary Wang. The purchase secured 55,273,469 HOOD shares worth $605.7 million. Robinhood entered into the purchase agreement with the United States Marshal Service (USMS) on August 30, and closed the transaction the following day. “The Company funded the purchase of the Shares...

US-based investing and trading platform giant Robinhood has been identified as the owner of the fifth largest Ethereum (ETH) wallet address, accounting for the second-largest crypto holding in its portfolio after Bitcoin (BTC). The company’s wallet app recently added support for Bitcoin and Dogecoin while including an Ethereum swap feature. Robinhood Has 1.493 Million ETH in its Cold Wallet Data by Arkham Intelligence shows that a Robhinhood cold wallet address holds...

CoinspeakerRobinhood and Jump Trading Part Ways, Leaving Questions Unanswered The termination of this partnership occurred without any announcement, and despite efforts from various news outlets, attempts to gather information from sources have yielded limited results. Robinhood and Jump Trading Part Ways, Leaving Questions Unanswered

Bitcoin wallet address that accumulated $3 billion worth of BTC in three months to become the 3rd largest wallet address belongs to the investing and trading platform Robinhood. The wallet had attracted attention dividing the market observers into speculating whether it belonged to Winklevoss-led Gemini or asset management giant BlackRock. However, Arkham Intelligence data showed that Robinhood is, in fact, behind the wallet, which currently holds over $3.08 billion of...

CoinspeakerRobinhood Emerges as Third-Largest Bitcoin Holder with $3B in BTC The emergence of Robinhood as a key BTC holder signifies a potential shift in the digital asset ownership landscape. Robinhood Emerges as Third-Largest Bitcoin Holder with $3B in BTC

CoinspeakerRobinhood Beats Investors Again as Appeal Court Upholds Earlier Rule in Meme Stock Trading Suit Robinhood had earlier motioned for the arguments against it to be completely dismissed. Robinhood Beats Investors Again as Appeal Court Upholds Earlier Rule in Meme Stock Trading Suit

CoinspeakerCrypto-focused Companies Report Profit in Q2 2023 amid Crypto Market Rally Though subdued, it was a positive all-round performance for the crypto market in Q2 2023. Crypto-focused Companies Report Profit in Q2 2023 amid Crypto Market Rally