Bookmarking Crypto Insights
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Pressure is mounting for Robinhood to list one of the most popular meme coins on the market and the waitlist for the platform’s crypto wallet has grown to 1.6 million users. Go to Source Powered by WPeMatico
Trading platform Robinhood has reported that 40% of its cryptocurrency transaction-based revenue was attributable to transactions in the meme cryptocurrency dogecoin in the third quarter. By comparison, dogecoin accounted for 62% of the company’s transaction-based revenue in the second quarter. Dogecoin Trading on Robinhood Robinhood Markets Inc. stated in its quarterly filing with the U.S. … Read more
Ark Investment took the opportunity to buy Robinhood shares at a discount following the trading company’s unsatisfactory earnings report. Go to Source Powered by WPeMatico
Robinhood posted $51 million worth of transaction-based revenue from crypto in Q3, marking a 78% decrease compared to the previous quarter. Go to Source Powered by WPeMatico
On Thursday, Robinhood CEO Vlad Tenev spoke at a conference called the Disruptor 50 Summit and the executive explained that the waitlist for the company’s recently announced crypto wallet has 1 million sign-ups so far. “We’re very proud of our cryptocurrency platform and giving people more utility with the coins they have,” Tenev said during … Read more
Robinhood CEO Vlad Tenev said crypto as an asset class is here to “stay” and revealed that over a million users have signed up to the firm’s crypto wallet waitlist. Go to Source Powered by WPeMatico
Investing platform Public, with over 1 million users, is rolling out cryptocurrency trading. “Crypto is gaining momentum as a compelling asset class for millions of investors,” the company said. Public Launches Cryptocurrency Trading Investing platform Public describes itself as “the investing social network where members can own fractional shares of stocks and ETFs [exchange-traded funds], … Read more
An influx of new users to the trading app and high demand for crypto products had previously resulted in longer customer service wait times. Go to Source Powered by WPeMatico
The SEC asserts that the defendants unlawfully gleaned more than $700,000 through a wash-trading scheme that targeted exchanges offering market maker rebates. Go to Source Powered by WPeMatico
AMC CEO Adam Aron has stated that the cinema giant will look to support Dogecoin movie ticket payments by the end of 2021, and real estate tokenization platform RedSwan is accepting DOGE too. Go to Source Powered by WPeMatico
