Vlad Tenev – DIGIT INFO

Robinhood Reports 161% Surge in Q2 Crypto Revenue

DIGIT — Sat, 10 Aug 2024 01:46:10 +0000

Robinhood Markets announced a record-breaking $682 million in revenue for the second quarter, highlighting a 161% rise in cryptocurrency revenue. Robinhood’s assets under custody also saw a 57% increase, driven by key acquisitions and the rising value of both equities and cryptocurrencies. Robinhood Reports Record Q2 2024 Revenues Driven by Cryptocurrency Trading Robinhood Markets, Inc. […]

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Robinhood Prepares to Fight SEC in Court Over Crypto, CEO Reveals

DIGIT — Tue, 07 May 2024 22:16:23 +0000

Robinhood Markets is preparing to fight the U.S. Securities and Exchange Commission (SEC) in court to defend its crypto business and establish “regulatory clarity in the United States for the benefit of our customers,” CEO Vlad Tenev said after his company received a Wells notice from the securities regulator. “The SEC’s continued attack on crypto, […]

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‘This is on me’ — Robinhood CEO to lay off 23% of staff after Q2 loss

DIGIT — Wed, 03 Aug 2022 01:15:51 +0000

The online retail broker blamed the economy for a decline in user numbers and net revenue that fell 44% year-on-year, although revenue from crypto rose moderately this quarter.

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Robinhood axes almost 1 in 10 staff members as stock hits all-time low

DIGIT — Wed, 27 Apr 2022 03:11:47 +0000

“We determined that making these reductions to Robinhood’s staff is the right decision to improve efficiency,” noted Robinhood CEO and co-founder Vlad Tenev.

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Robinhood Crypto Wallets Rolled Out to Over 2 Million Customers

DIGIT — Fri, 08 Apr 2022 15:00:51 +0000

Trading platform Robinhood has rolled out its new crypto wallets to more than two million customers. In addition, Robinhood CEO Vlad Tenev announced that the platform will integrate with the Lightning Network “to bring even lower costs to our customers.” More Than 2 Million Users Can Now Use Robinhood Crypto Wallets Popular trading platform Robinhood […]

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Robinhood CEO Says Waitlist for Firm’s New Crypto Wallet Reached 1 Million Customers

DIGIT — Fri, 22 Oct 2021 18:30:45 +0000

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 […]

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Robinhood crypto wallet waitlist hits 1 million people

DIGIT — Fri, 22 Oct 2021 02:29:13 +0000

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.

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Report Suggests Robinhood Owns Largest Dogecoin Address and Third-Largest BTC Wallet

DIGIT — Fri, 30 Jul 2021 20:00:25 +0000

Last February the crypto community was obsessed with a specific dogecoin address that happens to be the largest dogecoin holder today with over 36 billion DOGE. One armchair sleuth studied a number of onchain transactions and suspected the company Robinhood owned the wallet. Now the individual has researched the topic again and claims the latest […]

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Robinhood Raises Almost $2 Billion in IPO, Falls Short of Expected $35 Billion Valuation

DIGIT — Thu, 29 Jul 2021 20:00:41 +0000

Robinhood, the fee-free cryptocurrency, stock, and options exchange, raised almost $2 billion in its initial public offering, reaching a valuation of $32 billion. While the company is more valuable than Nasdaq itself, the IPO failed to give the company an expected valuation of $35 billion. Robinhood trading will open today, with its shares trading under […]

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Who Owns the Mystery Dogecoin Whale Address? Robinhood’s CEO Dismisses Speculation

DIGIT — Fri, 21 May 2021 17:00:13 +0000

Dogecoin has been the talk of the cryptocurrency town for months on end and in recent times, crypto enthusiasts have been discussing the largest holder in the Dogecoin economy. An address with 36.7 billion dogecoin has recently amassed 797 DOGE this week and 3,755 coins during the last month. Crypto speculators think this wallet is […]

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