Robinhood’s Bitcoin holdings could reshape the crypto landscape by supercharging the influence of retail investors and possibly creating new market risks.
Category: Robinhood
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Robinhood turns profitable in Q2, but crypto revenue declines
Robinhood achieved profitability for the first time since becoming a public company in the second quarter of 2023. Its crypto revenue, however, continues to decline.
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Crypto-friendly Robinhood inches to UK with local CEO appointment
Robinhood has been planning expansion into the United Kingdom since 2019 but the project has faced multiple delays.
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Ark Invest sells more Coinbase shares, eyes Meta platforms, Robinhood
Cathie Wood, the Bitcoin advocate, is actively investing in Meta Platforms (META) and Robinhood Markets (HOOD) shares.
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Robinhood to axe 7% of full-time staff in latest round of layoffs: Report
Roughly 150 full-time employees are being laid off, according to internal company messages.
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Robinhood buys credit card fintech X1 for $95M
In 2022, X1 claimed to have 500,000 people on its waiting list for a credit card. Over the past two years, the startup has raised $62 million from venture capital firms.
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What is Robinhood, and how does it work
Robinhood’s innovative trading model has opened new opportunities for beginner investors and traders. Here’s what it is and how it works.
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Robinhood will end support for 3 tokens named in SEC lawsuits
The company cited the SEC’s actions against Coinbase and Binance as reasons for the delisting, saying the lawsuits “introduced a cloud of uncertainty” around the tokens.
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Robinhood’s Q1 crypto revenue drops 30% from the previous year
The money coming in for the trading app’s crypto business reached $38 million over the first quarter of 2023, down from $54 million in Q1 2022.
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Robinhood returns to court to defend position in case brought by US state regulator
The Massachusetts Securities Division filed a complaint against Robinhood in December 2020 alleging the platform was in violation of the state’s fiduciary duty standards.
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