News
All eligible customers in the EU region can access Robinhood for crypto trading services, with over 25 cryptocurrencies available for trade.
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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 trading platform posted a sharp rise in monthly crypto trading volumes in November, while CEO Vlad Tenev said he hopes to eventually reel in “nine figures” in annual revenue.
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Robinhood CEO Vladimir Tenev said in an interview with Bloomberg that the company is still focused on its global aspirations, and its U.K. expansion is one step toward that.
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Crypto firms’ policies on coin listing and delisting must align with a list of standards set by the NYDFS.
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A court has rejected a motion requesting class action certification from investors pursuing legal action against Robinhood.
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Cathie Wood’s ARK Invest has continued accumulating Robinhood shares while dumping Grayscale Bitcoin Trust shares.
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Robinhood attributed the decline in its transaction-based revenue to reduced cryptocurrency trading volumes on the platform.
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The payment to the American Yacht Group was disclosed under the category of payments benefiting any insider within one year before the crypto exchange collapsed.
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The purchase of the 55 million Robinhood shares had been expected following approval from the company’s board and a U.S. district court.
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Robinhood’s Bitcoin holdings could reshape the crypto landscape by supercharging the influence of retail investors and possibly creating new market risks.
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The appeals court judge said Robinhood had the right to impose restrictions on meme trade purchases.
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Robinhood achieved profitability for the first time since becoming a public company in the second quarter of 2023. Its crypto revenue, however, continues to decline.
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Robinhood has been planning its expansion into the United Kingdom since 2019, but the project has faced multiple delays.
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Cathie Wood’s ARK Invest is actively investing in Meta Platforms and Robinhood Markets shares.
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On-chain growth, a surge in DeFi use and a positive technical outlook could signal a breakout in the ADA price.
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