The company posted $20.8 billion in client assets, a 48% increase in profit, and plans for a $150 million share buyback program.
Robinhood News
Robinhood is a trading platform that allows users to buy and sell cryptocurrency. Technically, Robinhood is a cryptocurrency broker that allows users to transact, purchase and store altcoins and Bitcoin (BTC).
Unlike most exchanges, users cannot withdraw their cryptocurrencies from their Robinhood accounts. Instead, they need to sell their coins or tokens and transfer the proceeds from the sale to an external account. The platform offers coins such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Dogecoin (DOGE) and accepts USD fiat currency. In addition to these cryptocurrencies, users can purchase stock, options and exchange-traded funds (ETF) on Robinhood.
Robinhood is one of the most popular crypto platforms due to its user-friendly interface. Also, there are no charges for opening an account, trading or transferring cryptocurrency out of Robinhood. The company derives its income from transaction-based sources, including payments for order flow.
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The update brings real-time forecasting data from Kalshi and Polymarket to Google Finance, as more major platforms move into the growing prediction markets space.
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Robinhood executive Shiv Verma says buying crypto could align it with the community more, but questions if it's “the right thing for shareholders.”
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Robinhood Markets’ crypto revenue jumped over 300% in Q3, helping to double its revenue from last year to surpass analyst expectations.
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This marks the second major Amazon AWS outage since April, when “connectivity issues” created usability problems for at least eight large crypto exchanges.
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Robinhood’s tokenization drive on Arbitrum now includes nearly 500 US stock and ETF tokens worth over $8.5 million, as the brokerage deepens its RWA push.
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In a letter to the US regulator, Ondo argued that Nasdaq’s plan relies on undisclosed settlement details that could favor big players.
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Injective launches onchain pre-IPO perpetuals for companies like OpenAI, offering leveraged exposure and a decentralized alternative to Robinhood’s tokens.
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Robinhood eyes UK and EU rollout of its booming prediction markets, but faces questions over classification.
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The brokerage is seeking SEC approval for Robinhood Ventures Fund I, which would trade on the NYSE and expose retail investors to private companies.
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Bitstamp recorded a 21% rise in crypto trading volume to $14.4 billion in August, flipping Robinhood for the first time since it was acquired by the firm.
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Robinhood joins Coinbase in the S&P 500, expanding crypto access for index funds, pensions and institutions amid rising institutional interest.
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Animoca Brands has partnered with Antler’s Ibex Japan to launch a Web3 fund aimed at bringing Japan’s anime and manga IP onchain.
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Robinhood and Strategy both saw their stock prices sink as they were overlooked for inclusion on the S&P 500, which went to Interactive Brokers Group.
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ARK Invest snapped up $21 million worth of Bullish and $16 million of Robinhood shares, extending its buying streak despite a sector-wide sell-off.
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