Tag: Robinhood

Nasdaq-listed stock and digital currencies trading platform, Robinhood Markets Inc are amongst the worst losers on Wall Street in the Pre-Market after the company reported disappointing earnings across the top and bottom lines. The firm reported a 43% decline in its revenue which got pegged at $299 million. This figure is in comparison to the […]

Commission-free stock trading and investing app, Robinhood Markets Inc has announced its plans to buy Ziglu Limited, a UK-based electronic money institution, and cryptoasset firm. The trading platform with deep interests in digital assets trading confirmed this move on Tuesday, noting that the deal is subject to regulatory approvals. Robinhood extended its commission-free business model […]

Nasdaq-listed retail trading platform, Robinhood has unveiled the start of the Beta testing for its highly anticipated Crypto Wallets. Dubbed the WenWallets campaign, the multi-market brokerage platform said it has started rolling out crypto wallets to the first 1000 people on its wallets waitlist, to help test out the functionality of the new feature. Robinhood […]

According to a blog post published on Tuesday, no-fee trading platform Robinhood has announced the acquisition of cross-exchange trading platform Cove Markets to make it easier for customers to manage their cryptocurrency accounts. The financial terms of the deal were not revealed at the time of publishing. Thrilled to welcome the @CoveMarkets team to Robinhood! […]

In what seemed like a daring move on Tuesday, the U.S-based digital asset exchange Kraken has issued a bold statement that it will begin supporting the meme coin Shiba Inu (SHIB), on its platform immediately. Kraken Announces SHIB Listing, As Coin Surges Massively In the announcement, Kraken reveals the limits that will be involved in […]

Shiba Inu (SHIB) has surpassed dogecoin in terms of market capitalization owing to a sharp rise in the price of the meme cryptocurrency. SHIB is now among the top ten cryptocurrencies by market capitalization, according to CoinGecko data. The market capitalization of SHIB is around $39.3 billion, while that of DOGE is about $31.4 billion […]

Robinhood shares (HOOD) in an unexpected twist, have fallen sharply following the firm’s Q3 results which posted below expectations, with regards to crypto trading revenue. Publishing its Q3 report on Tuesday October 26, the well-known retail trading firm revealed that it made a total revenue of $267 million within the quarter, with crypto transactions accounting for […]

Georgia-based digital assets trading platform, Bakkt is billed to make its public market debut on the New York Stock Exchange (NYSE) today, after its successful business combination with VPC Impact Acquisition Holdings, a special purpose acquisition company. The public debut of the exchange marks a historic milestone for the company that was founded back in […]

In a new development in the case against Robinhood, new documents showing internal conversations between company executives have been brought forward. The documents show Robinhood executives lamenting the financial state of the company in contradictory terms to the CEO’s public statement. Recall that the CEO of Robinhood, Vlad Tenev, had on January 28 stated categorically […]

USA trading platform Robinhood ( Read Robinhood app review ) has been test driving its highly anticipated crypto wallet as users clamor for more functionality. The millennial investor loved trading portal is edging closer to launching a long-awaited app that may enable its growing user-base to send and receive cryptocurrencies. A beta version of Robinhood’s […]

Robinhood Markets (HOOD -3.5%) rolls out a Recurring crypto investing feature that enables users to regularly buy coins, commission-free, on a daily, weekly, or monthly schedule. The strategy of investing small amounts on a Recurring crypto investing basis, instead of large amounts all directly, is termed dollar cost averaging. That may free price swings, Robinhood […]

Just two weeks into this year’s swiftest, most brutal stock market crash in history, some silly market watchers were already trying to spot the bottom. The Dow Jones, S&P 500, and Nasdaq would fall even further the following two weeks. Here will be 4 Popular Robinhood Stocks to Time the Bottom of the Stock Market […]

Robinhood online brokerage app was offline on March 2 when the Dow Jones gained its most single-day points, leaving investors frustrated unable to take advantage of the market recovery. After the stock markets imploded last week due to the fears of the coronavirus spread, traders were ready on March 2 to cut some of those […]

San-Francisco-based broker Robinhood has been fined $1.25 million by the Financial Industry Regulatory Authority (FINRA) for failing to ensure the best execution of customer orders when routing them to four broker-dealers. In a press release published on Thursday, the self-regulatory organization FINRA announced that it reached a settlement with Robinhood over the issue, which took […]

Robinhood, the California-based broker, is set to roll out fractional stock-trading in what appears like a bid to distinguish it from its incumbent rivals. The announcement took place against the backdrop of increasingly fierce competition among financial service providers. Robinhood pioneered zero-trading in the broker space. However, a number of companies including Charles Schwab, Fidelity […]

Robinhood Crypto Exchange has had an about-turn on its plans to become a bank. Commission-free stock and cryptocurrency trading pioneer withdrew its application with the Office of the Comptroller of the Currency yesterday. Robinhood Crypto Exchange Pulls Bank Charter Application Valued at a staggering $7.6 billion, Robinhood ushered in a new era shaking up the […]

Robinhood commission free trading app is making its debut in the UK (the land of its namesake), according to an official blog post from the company posted on November 19th. The move comes after the company achieved a $7.6 billion valuation with the completion of a $323 million fundraising round in July. Robinhood’s entry into […]

U.S-based stock and crypto investing app, Robinhood BitLicense holder, is on an expansion spree. According to its latest announcement, the platform is all set to expand its crypto-trading services to the U.S states of Delaware, Kentucky, Louisiana, Maine, Maryland, Minnesota, Nebraska, and Vermont. The company was in the news yesterday after it announced the recruitment […]