Bookmarking Crypto Insights
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On Wednesday, the stock and cryptocurrency trading platform Robinhood rolled out recurring crypto investments and now customers can purchase as little as $1 in crypto commission-free daily, weekly, biweekly, or monthly. The company’s announcement discusses the strategy of investment called dollar-cost averaging “in order to help smooth out the price swings.” Robinhood Rolls Out Recurring … Read more
Retail crypto traders on Robinhood can now set up commission-free recurring investments in multiple crypto assets on a daily, weekly, bi-weekly or monthly basis. Go to Source Powered by WPeMatico
PayPal has reportedly conducted discussions to acquire a broker-dealer but is unlikely to launch the new investment service this year. Go to Source Powered by WPeMatico
Venture capitalist Bill Gurley has taken a personal position in ether because he “was swayed by the arguments of the ethereum crowd.” He explained that it is “the smarter way to play if you’re going to have crypto exposure.” Bill Gurley Prefers Ethereum to Bitcoin Bill Gurley, a general partner at Benchmark, a Silicon Valley … Read more
Wolfe Research has told investors to consider the “outsized contribution” Dogecoin trading has made to Robinhood’s recent growth. Go to Source Powered by WPeMatico
Around 41% of Robinhood’s quarterly revenues were generated by crypto trading. Go to Source Powered by WPeMatico
Currently, users of popular stock and digital currency trading app Robinhood users can’t move their crypto off the platform. Go to Source Powered by WPeMatico
Vienna-based Bitpanda’s valuation has shot up to $4.1 billion, three times its value during the crypto broker’s last private funding round in March. Go to Source Powered by WPeMatico
The decline followed Robinhood Market’s announcement that it would sell up to 98 million Class A shares over time. Go to Source Powered by WPeMatico
After a decidedly lackluster IPO debut last week, Robinhood shares have been wildly volatile in recent days, at one point skyrocketing by as much as 81% on the day. Go to Source Powered by WPeMatico