Tag Archives: robinhood

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

CoinspeakerGoogle-parent Alphabet Offloads 90% Stake in Robinhood, HOOD Shares Drop 7% Alphabet sold 90% of its Robinhood stake after the trading app announced a profit for the first time as a public company. Google-parent Alphabet Offloads 90% Stake in Robinhood, HOOD Shares Drop 7%

The American investment platform Robinhood released its financial results for the second quarter, revealing that crypto trading revenue plunged by 18% compared to the Q1 figures. One reason behind the downtrend could be the company’s decision to delist certain digital assets, deemed securities by the US SEC, such as Solana (SOL), Cardano (ADA), and Polygon (MATIC). The Latest Numbers Despite reporting solid overall profits in Q2, Robinhood announced that crypto trading...

CoinspeakerRobinhood Eyes UK Market with New Hirings Already Underway Robinhood Markets has listed three jobs for the UK market including a Compliance Officer, Operations Lead, and Senior Risk and Compliance Associate. Robinhood Eyes UK Market with New Hirings Already Underway

Fireblocks’ cloud support comes at a time when more and more institutional investors and corporations are joining the crypto space. Blockchain security service provider, Fireblocks, has expanded its cloud service for crypto custody and settlement. According to the announcement, the service will now include Amazon Web Services (AWS), Google Cloud Platform, Alibaba Cloud, Thales, and Securosys. Cloud Computing Meets Crypto Security Fireblocks’ platform uses a combination of security...

If implemented, it will mark the third round of layoffs for Robinhood in just over one year. The brokerage firm laid off 9% of its workers in April 2022 and 23% in August of the same year. Robinhood plans to lay off some part of its staff as it seeks to reduce the cost of operations due to the reduction in demand it is experiencing. Many current workers were employed to fill various needed roles during the Covid era. During that time, there was a huge demand for cryptocurrency trading and...

Crypto market prices have tumbled significantly since the news began to make rounds. Altcoins like Solana (SOL), Cardano (ADA), Polygon (MATIC) and many other tokens face the possibility of being delisted from Robinhood Markets Inc (NASDAQ: HOOD), after the United States Securities and Exchange Commission (SEC) charged Binance and Coinbase Global inc (NASDAQ: COIN) for trading unregistered securities.  At present, Robinhood is taking another look at the digital assets offerings on its...

Representatives from Coinbase, Robinhood, and the Commodity Futures Trading Commission, among others, will speak at a House Agriculture Committee hearing on digital asset regulation about the recently released draft crypto bill. United States legislators put forth a crypto bill to provide clear regulations for cryptocurrency, its users, and companies. The 162-page bill attempts to establish regulatory jurisdiction and definitions. However, it was also acknowledged that the bill would...

Stock and crypto investing app Robinhood reported $441 million in net revenue in Q1 2023, up 16% from the previous quarter. Its increased numbers, however, did not come from its crypto business – which appears to be trending in the opposite direction. Crypto Down, Interest Up Per the company’s first-quarter results report on Wednesday, Robinhood’s transaction-based revenues increased 11% quarter over quarter to $207 million.  This included a 7% increase in options revenue to...