Robinhood shares tank 10% after crypto revenue falls by three quarters
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
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Robinhood CEO Says Waitlist for Firm’s New Crypto Wallet Reached 1 Million Customers
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 crypto wallet waitlist hits 1 million people
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
‘Public’ Adds Cryptocurrency Trading Citing Millions of Investors See Crypto as ‘Compelling Asset Class’
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
Robinhood launches 24/7 phone support, crypto users included
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
SEC takes action against two meme stock wash traders
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
Dogecoin more popular than ever … even as TXs hit lowest level since 2017
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
Robinhood confirms crypto wallet feature on app starting in October
The company did not specify which tokens the digital wallet would support, but the app currently provides commission-free trading for BTC, ETH, LTC, BCH, BSV, DOGE, and ETC. Go to Source Powered by WPeMatico
Robinhood Testing New Crypto Wallet and Cryptocurrency Transfer Features: Report
Stock trading and investing app Robinhood has reportedly been testing new features, including a crypto wallet and cryptocurrency transfers. “The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.” Robinhood to Add Crypto Wallet and Transfer Features Investing app Robinhood is … Read more
Robinhood users may soon be able to withdraw crypto for the first time
Robinhood is reportedly testing a new crypto wallet feature that would finally enable users to withdraw crypto from its app. Go to Source Powered by WPeMatico