Tag Archives: robinhood

Many things have been said about the champions who have been at the forefront of making things happen in the crypto space but not much has been known about them. The list below and the descriptions indicate the biggest companies in the industry not only by valuation and capitalization but also by goodwill and corporate presence both online and offline as well. They shall be listed in no particular order of preference. Ripple (Valuation of about $5 Billion)Many people have heard one way or the...

Popular stock-trading startup Robinhood has decided that it is no longer interested in becoming a federally insured bank. Months ago, the company applied for a bank charter with the Office of the Comptroller of the Currency (OCC), in an effort to become a fully-fledged bank but has now decided to shelve said plans.According to the statement, the company has taken this step to shift its attention away from banking to its own core business directed at improving the efficiency of the financial...

The Wall Street Bets, a Reddit branch dedicated to stock trading, is full of hot discussions around Robinhood. Traders were using the broken leverage system in the app to gain unbelievable profits. During his trade session, one of the traders had managed to turn $4,000 to one million thanks to the app’s code flaw that is still not fixed.The glitch allowed several other traders to access large amounts of illusive margin. A trader wrote that he had gained access to $50,000 of the funds while...

RobinHood: Das US-Start-up ermöglicht mit seiner App den kostenloses Trading und treibt damit die Digitalisierung des Börsenhanels voran. In Zeiten von Negativzinsen steht die Finanzwelt vor der Aufgabe, ihre Geschäftsmodelle fundamental zu verändern. Denn auch der gesellschaftliche Wandel kommt mittlerweile bei den Banken an. So sind gerade jüngere Kunden nicht mehr bereit, für Standardtransaktionen Geld zu bezahlen. Konstanter Wandel...

The Robinhood investment app platform has just announced that its Robinhood Crypto feature has just added more U.S. states to its platform. Previously servicing 39 states, the 8 new additions now mean that Robinhood Crypto is now available to a total of 47 states.With Robinhood Crypto, users can trade seven digital assets including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin SV (BSV) Ethereum Classic (ETC), Bitcoin Cash (BCH) and Dogecoin (DOGE) all free of charge. The new state...

Photo: Galileo Financial Technologies / YouTubeA gentleman named Clay Wilkes had already decided to retire and enjoy his late years when he changed his mind – he’d rather not to. In 2000 this amazing entrepreneur launched Galileo Financial Services and already then realized the growing demand for better integration between and financial institutions and secondary services.19 years later, what his company does exactly that is the back-office connections with financial institutions and, boy,...

Charles Schwab, a San Francisco-based bank and stock brokerage company, has announced they will allow their clients to buy and sell fractions of stocks. The initiative aims at attracting the interest of young investors to Charles Schwab and makes it the first online brokerage that offers its customers such an opportunity.The announcement follows the company’s decision to eliminate trading commissions for U.S. stocks, ETFs and options trades earlier this month, which led to other brokerage...

Robinhood, the financial services and stock-trading company based in California, has just announced its launch of a new feature called Cash Management. According to the announcement, the new feature which will come with a Mastercard debit card will allow its users to earn an annual percentage yield (APY) of 2.05% on all unused funds left in brokerage accounts. Users can now visit Robinhood and join a growing waitlist, to take advantage of Cash Management and reserve a debit card.In December...

California based bank and stock brokerage firm Charles Schwab said that it is finally ending its battle in the brokerage sector. They decided they are ending commissions for online trading in U.S. stocks, exchange-traded funds, and options.Just for a reminder, in the February of this year, together with Fidelity Investments, Charles Schwab completely cut its commissions it had been charging on hundreds of their exchange-traded funds. The ongoing war was all about exciting the investors since...

California based financial company SoFi announced it added crypto trading to its fast-growing SoFi Invest platform and that the live trading will begin on next Tuesday. Among the first cryptocurrencies that will be added for trade on SoFi Invest platform are Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).As per the announcement, the idea came as a reaction to demand from its network that has more than 800,000 members. Beginning next week, SoFi Invest will become the first platform that...