Tagged: robinhood

Robinhood Receives FCA Authorization to Operate in the UK; Appoints Wander Rutgers As President

U.S. fintech Robinhood announced on Wednesday it received authorization from the Financial Conduct Authority (FCA) to operate as a broker in the UK. According to Robinhood, the authorization will enable us to bring its investing platform to customers in the UK and is a “critical… Read More

Deja Vu: Betterment Reportedly Receives Regulatory Questions Regarding Interesting Bearing Savings Accounts & Checking Product

Fintech Betterment announced yesterday it was becoming more like a bank. The Robo-advisor with more than $15 billion under management revealed “Betterment Everyday”. The new service offered FDIC-insured checking and savings accounts minus all of the typical fees that traditional banks tend to slap on…. Read More

Robinhood Secures $323 Million Through Series E Led By DST Global

Robinhood announced on Monday it secured $323 million through its Series E funding round, which was led by DST Global, with participation from investors including Ribbit Capital, NEA, Sequoia, and Thrive Capital. Founded in 2013, Robinhood reported that it is on a  mission to democratize… Read More

Robinhood Announces Nasdaq Level 2 Market Data Through Gold

Just a couple of months after the revamping of Robinhood Gold, Robinhood announced Nasdaq Level 2 Market Data has been added to the premium feature, which includes other research reports and margin investing. Robinhood revealed for only $5 a month, users will receive all new… Read More

Robinhood Crypto Launches in New York

Robinhood announced on Thursday its Robinhood Crypto service has officially launched in New York. This news comes just six months after Robinhood announced that Robinhood Crypto received a virtual currency license, also known as the BitLicense, and a money transmitter license in the state. At… Read More

Big Brokerages TD Ameritrade and ETrade adding Bitcoin Trading – Something Robinhood Did Over a Year Ago

In a tweet last week, NYTimes crypto reporter stated that Etrade will soon allow Bitcoin trading. In the wake of TD Ameritrade quietly opening Bitcoin trading for some of its customers, I was just told that eTrade is preparing to begin offering both Bitcoin and… Read More

Fintech Robinhood Said to Be Pursuing National Bank Charter

Robinhood, a Fintech brokerage firm that combines traditional securities with digital assets in a single app, has applied for a national bank charter with the Office of the Comptroller of the Currency (OCC), according to a report by the San Francisco Business Times. Last December,… Read More

Robinhood Introduces An Improved Robinhood Gold Experience

Following its acquisition of MarketSnacks to bring users financial news, Robinhood announced the improved version of Robinhood Gold Experience. According to Robinhood, Robinhood Gold is offered to every investor and includes margin investing and bigger instant deposits. It also offers new premium features such as… Read More

Robinhood Announces Acquisition of Financial Newsletter MarketSnacks

Robinhood announced on Monday it has acquired MarketSnacks, which was described as a daily financial news podcast and newsletter, and has re-relaunched these products as Robinhood Snacks. According to Robinhood, as part of the acquisition, MarketSnacks Co-Founders Jack Kramer and Nick Martell are joining us… Read More

Robinhood Crypto Receives BitLicense & Money Transmitter License in New York

Robinhood announced last week Robinhood Crypto received a virtual currency license, also known as the BitLicense, and a money transmitter license in the state of New York. According to Robinhood, the new licenses will allow New Yorkers to invest in cryptocurrencies on the Robinhood platform. Robinhood revealed… Read More

Robinhood Backtracks on Checking & Savings Account Offerings Following Statement by SIPC

CI reported earlier this week that Robinhood, a Fintech that provides trading in both traditional and crypto assets and more, had announced new checking and savings accounts that would pay holders 3% interest. Even better, Robinhood stated that these accounts would be insured by the Securities… Read More

Not So Fast. Report Questions Robinhood’s Claim about Providing Access to SIPC Insured Savings & Checking Accounts

Mr. Potter Banker Banking (1)

Yesterday, CI reported that Fintech Robinhood had partnered with another firm to provide checking and savings accounts with a 3% annual interest. That, in itself, is pretty amazing as traditional banks are in the habit of not paying any interest at all in real terms… Read More

In a Move to Remain Competitive, JPMorgan Offers Free Trades for Customers

According to multiple reports, JP Morgan Chase will begin offering free trading (IE commission-less trades) beginning next week. For anyone who downloads their mobile app, during the first year users will be able to book 100 trades at not cost. If you happen to be… Read More

Swarm Opens up Fund for Investors to Purchase Robinhood Equity Token

Swarm, the next gen blockchain platform for issuing security tokens, has opened up pre-funding of the Robinhood Equity Token or REHT. As of today, accredited investors may register to invest to hold equity in Robinhood. Labeled the “first security token of its kind,” when the hurdle… Read More

Swarm Announces Launch Of Secondary Market for Robinhood, Ripple, and Didi

Swarm, a blockchain for private equity platform, announced on Wednesday the launch of tokens representing equity in individual tech companies, allowing Swarm investors to purchase security tokens representing fractional shares in private companies. According to Swarm, the secondaries, which are sourced through partners who acquire equity… Read More

Crypto Broker Robinhood Secures $363 Million Through Series D Funding Round to Expand Product Lineup

Robinhood, a Fintech broker firm, announced on Thursday it secured $363 million through its Series D funding round to expand its product lineup. The funding round was led by DST Global with participation from new investors  Iconiq, Capital G, Sequoia Capital, and KPCB. Existing investors… Read More

Fintech Broker Firm Robinhood Announces Free Bitcoin & Ethereum Trading For Users

Robinhood, a fintech broker firm, announced this week its new bitcoin and other cryptocurrencies investment platform, which its services are 24 hours a day available the platform is commission-free. Features of the platform include: Everything in one place: All cryptocurrencies, stocks, ETFs, and options are now… Read More

Fintech Broker Firm Robinhood Launches New Platform With Research & Discovery Tools

California-based fintech broker firm Robinhood announced on Wednesday the launch of its new platform, Robinhood for Web, which features research and discovery tools. The platform’s debut comes less than a year after the company secured $110 million during its recent Series C funding round, which was led… Read More

Robinhood Hits Two Million Users & Raises $110 Million During Series C Funding Round Led By DST Global

California-based fintech company Robinhood announced on Wednesday it not only has reached two million users, but it also secured $110 million during its recent Series C funding round, which was led by DST Global, with participation from NEA, Index Ventures, Ribbit Capital, Thrive Capital and… Read More

David Snitkof of Orchard Shares Unique Insight into Online Lending Market Dynamics

Orchard Marketplace is a platform that is uniquely positioned at the intersection of institutional money and online lending. If you are a large investor you are using Orchard to manage and access loans on all marketplace lending platforms. This perspective means that Orchard can easily… Read More

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