Robinhood News

Amid its plans to roll out stock trading services, FTX has reportedly met with at least three brokerage start-ups over the past few months regarding potential acquisitions.

Robinhood’s wallet will be noncustodial and multichain, allowing for the storage of NFTs along with the ability to connect to NFT marketplaces.

Shares in the popular online brokerage Robinhood have spiked over 30% in after-hours trading following billionaire Sam Bankman-Fried acquiring a 7.6% stake in the company.

The stock price of listed BTC mining companies and other businesses with exposure to cryptocurrency are dropping to yearly lows as the crypto market continues to sell-off.

The discount brokerage has seen a steep decline in crypto-related revenue over the past 12 months as retail traders exited the market.

The popular discount brokerage listed four trending tokens in Q1 2022.

“We determined that making these reductions to Robinhood’s staff is the right decision to improve efficiency,” noted Robinhood CEO and co-founder Vlad Tenev.

Robinhood has renewed its global expansion plans by acquiring the British crypto firm Ziglu after aborting its U.K. expansion back in 2020.

Robinhood CEO Vladimir Tenev took to Twitter to explain how DOGE could become “the future currency of the Internet” just hours after Dogecoin’s creator criticized Elon Musk for his Twitter antics.

The APE price upside setup appears amid rumors that Robinhood might list ApeCoin.

But SHIB price risks another 50% decline as it continues to fluctuate inside a bearish triangle pattern.

The crypto wallet will not support Ethereum-based services like nonfungible tokens and ERC-20 tokens.

Ripple Labs spent the most on crypto lobbying in the U.S. over the past five years, with expenses totaling $2 million.

The popular stock and crypto trading platform will allow crypto withdrawals to a limited number of users who signed up for the crypto wallet waitlist program.

As crypto trading cools down, the ability to trade stock on FTX.US might be only months away, according to a tweet from the exchange’s president. Bitstamp USA has also signaled it’s looking at stocks.