Tag Archives: robinhood

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...

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...

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...

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...

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...

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...

The American financial services firm – Robinhood – announced that its cryptocurrency trading revenue for the fourth quarter of 2021 totaled $48 million. In comparison, this volume equaled $51 million in Q3. Disappointing Crypto Revenue for Robinhood in Q4 2021 has been a highly successful year for Robinhood as the company enjoyed significant financial profits during the pandemic. However, in terms of digital asset trading revenue, it started slowing down its run. According to...

Robinhood, the financial services company with a popular trading app, recently launched cryptocurrency wallets. In an interview with Emily Chang of Bloomberg Technology, the company’s CPO, Aparna Chennapragada, noted that many customers are enthusiastic about delving into the new product. More Crypto Features in Robinhood App CryptoPotato reported recently the company’s plans to launch a cryptocurrency wallet as the number of users engaging with such assets on Robinhood kept...

GameStop is getting more involved in the cryptocurrency and non-fungible token (NFT) spaces. According to many mainstream sources, the company has developed a team of approximately 20 individuals at the time of writing to establish a whole new market designed for selling virtual items, which may include in-game tokens and cosmetic skins. GameStop Is Getting More Involved in Crypto NFTs have become one of the biggest trends in the digital asset space. Now valued at...

The popular investment app Robinhood announced recently that it experienced a data security breach on November 3, 2021. The incident gave the attackers access to personal information belonging to millions of users on the platform. The “unauthorized party” gained access to the customer support system via a social engineering technique, Robinhood stated in a blog post. Although the security threat has been contained according to the investment platform, the attackers had...