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.

While BlockFi has attempted to separate itself from FTX and Alameda in its bankruptcy proceedings, it has many financial ties to firms owned by SBF.
Bankruptcy court told FTX and Alameda they owe BlockFi $1B, but it’s complicated
Luke Huigsloot
BlockFi is demanding Bankman-Fried’s investment company turn over its shares in Robinhood as collateral it agreed to pay as part of a pledge agreement.
BlockFi sues FTX’s Bankman-Fried over shares in Robinhood
Jesse Coghlan
Altcoin Watch
Polygon’s list of high-profile partners is getting longer, with Disney, Starbucks and Robinhood already boarding its blockchain.
MATIC price eyes 200% gains on Polygon adoption by Instagram, JPMorgan
Yashu Gola
The Robinhood CEO also announced the brokerage firm’s plans to expand the Robinhood Wallet internationally in the months to come.
Robinhood not giving up on crypto despite Q3 crypto revenue slashing 12%
Brayden Lindrea
As a blockchain network of choice, Polygon offers scalability, speed, low network fees and a robust developer ecosystem, according to Robinhood.
Robinhood Web3 wallet enters beta, taps Polygon as first blockchain
Arijit Sarkar
Apart from USDC support, FV Bank also plans to launch a custody service in Q4 2022, targeting major coins like Bitcoin and Ethereum.
Digital bank FV Bank integrates USDC stablecoin for direct deposits
Helen Partz
Altcoin Watch
ADA prints modest upside moves that may run out of steam due to weak technicals and macro factors.
Cardano gets listed on Robinhood but ADA bulls are running out of steam, risking 40% drop
Yashu Gola
The U.S.-based stock and crypto trading platform has reportedly secured a 60% cut on the initial offer made to Ziglu due to poor market conditions.
Robinhood lands steep 60% discount on $170M exchange acquisition: Report
Brian Newar

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