News
Robinhood beat Wall Street estimates even as its first-quarter crypto revenues fell 30% over the quarter, contributing to an overall revenue drop.
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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.
- News
Competition is heating up among US exchanges for control of the derivatives market for digital assets.
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As of March 4, Coinbase controlled 3.84 million ETH across 120,000 validators, accounting for 11.42% of all staked Ether.
15823 - News
Robinhood has flagged plans for an AI assistant that will provide insights about market trends and stocks to traders alongside plans for on-demand cash deliveries.
21718 - News
Massachusetts Secretary of State Bill Galvin has reportedly opened an investigation into Robinhood over its offering of sports-related event contracts.
3280 - News
US crypto exchanges are doubling down on derivatives offerings as crypto futures and options surge in popularity.
3462 - News
Brokerage firm Robinhood is partnering with Kalshi to launch an event contract platform.
23825 - News
Memecoin listings have been accelerating among US crypto exchanges since President Donald Trump’s election win.
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Robinhood agreed to pay $29.75 million in fines and restitution for failing to respond to several “red flags” stemming from its supervision and compliance practices.
9563 - Opinion
The SEC’s decision to drop its lawsuit against Coinbase raises questions. Is this a turning point for crypto regulation or a political reward for industry donations?
3463 - News
The move comes just days after the SEC dropped its investigation into Uniswap Labs.
9948 - Altcoin Watch
A sharp drop in XRP’s open interest points to increasing bearish investor sentiment and a shift in traders’ focus.
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The ability to create a cryptocurrency that’s trading in five minutes shows how easy it would be for private firms to seek outside funding, says Robinhood CEO Vladimir Tenev.
2807 - Breaking news
The investigation was dropped more than a month after Robinhood and the SEC reached a $45 million settlement.
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Soaring crypto trading volumes drove higher-than-expected revenues and profits for the exchanges.
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