Robinhood News

Robinhood, the fintech firm known for its trading app, has announced plans to launch its cryptocurrency trading services in the European Union and initiate brokerage operations in the UK following a mixed third-quarter financial performance.

The U.S. fintech broker Robinhood is poised to roll out European crypto offerings despite missing Q3 revenue estimates. Robinhood plans to launch its crypto services in the European region and U.K. brokerage “in the coming weeks” as the Menlo Park-headquartered…

Robinhood successfully reclaims $606 million in disputed shares linked to FTX’s Bankman-Fried, resolving legal complexities and boosting stock performance. Robinhood has successfully reacquired 55.3 million shares from the U.S. Marshal Service in a deal amounting to $605.7 million. These shares,…

Arkham Intelligence has identified Robinhood as the fifth largest holder of Ether, with $2.54 billion

Robinhood has added Bitcoin and Dogecoin support to its web3 wallet, building on its existing Polygon and Ethereum capabilities

Robinhood has been identified as the third-largest Bitcoin holder, possessing a wallet valued at over $3 billion, trailing only behind Binance and Bitfinex.

Bitcoin (BTC) has been consolidating between $25,800 and $26,100 since Aug. 18. However, market intelligence data suggests that the flagship cryptocurrency is undervalued. According to Santiment, Bitcoin’s market value over realized value (MVRV) ratio on a 30-day moving average has…

A US federal appeals court has dismissed a class-action lawsuit against Robinhood Markets over its restrictions on trading 13 meme stocks in early 2021. The class action, involving 16 investors, was filed in September 2021. The plaintiffs alleged that Robinhood’s…

Robinhood Q2 results showed a profit for the first time since going public, but crypto revenue declined in the same quarter. Robinhood’s revenue from cryptocurrency transactions fell 18% to $31 million, according to a quarterly report released on Aug. 2.…

Recent discourse in the Cardano community revolves around the potential significant liquidation of ADA by Robinhood and Celsius.

US trading platform Robinhood Markets reportedly cut its workforce for the third time, as the company faces a decline in crypto trading activities and customer demand for its services.

In recent crypto market shifts, retail investors may be migrating from Coinbase Global Inc. to Robinhood Markets Inc.

Robinhood Markets, Inc. has disclosed selected monthly operating data for May 2023, which depicts a complex portrait of growth and decline in user engagement and trading activities.

Robinhood has announced its decision to discontinue support for cryptocurrencies Cardano, Polygon, and Solana from June 27, underscoring the growing regulatory pressures within the crypto industry.

Robinhood reevaluates cryptocurrency offerings after SEC crackdown on top digital asset platforms. The brokerage actively reviews regulatory analysis to determine appropriate actions.

The US Federal Reserve (Fed) has been raising its interest rates for the tenth consecutive time since March 2022. According to Reuters, the rate hikes favor the US-based brokerage platform Robinhood. Thanks to the Fed’s 75-basis point rate hike in…