Tagged: robinhood

September 5, 2024 @ 11:04 am By Omar Faridi  |  

California Attorney General Rob Bonta announced a $3.9 million settlement with crypto trading platform Robinhood Crypto, LLC for failing to allow customers to withdraw their cryptocurrency from their Robinhood accounts from 2018 to 2022, and for “failing to fully disclose aspects of its trading and… Read More

August 13, 2024 @ 3:02 pm By Omar Faridi  |  

Robinhood (Nasdaq: HOOD) welcomes Jeff Pinner as Chief Technology Officer. Robinhood says they are pleased to announce that Jeff Pinner has now officially “joined Robinhood as Chief Technology Officer (CTO).” Jeff is said to be “a deeply respected innovator who will help us accelerate their… Read More

July 25, 2024 @ 12:06 pm By JD Alois  |  

Robinhood (NASDAQ: HOOD) has added joint brokerage accounts as a feature for their account holders. In a blog post, Robinhood said joint accounts “make investing more collaborative for families and loved ones,” explaining that funds can be combined and thus boost investment holdings. Steve Quirk, Chief… Read More

June 26, 2024 @ 9:03 am By JD Alois  |  

MiCA, or Markets in Crypto Assets regulation approved by the EU, will soon come into effect. The new regulations aim to create a compliant ecosystem to enable digital asset innovation while protecting consumers and businesses. Today, Bitstamp, a long-established crypto exchange, has announced that it… Read More

June 16, 2024 @ 11:48 pm By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ: HOOD) has partnered with Syracuse University’s D’Aniello Institute for Veterans and Military Families (IVMF) in order to bring retirement education workshops to entrepreneurs across the U.S. Robinhood says that they are honored to partner with an organization “helping veterans and veteran… Read More

June 6, 2024 @ 7:22 am By JD Alois  |  

Robinhood (NASDAQ: HOOD), a modern spin on a retail brokerage, has announced the pending acquisition of Bitstamp, a crypto exchange that operates across the EU, US, UK and Asia. Bitstamp is a top 20 crypto exchange, currently ranked 16th in the world by Coinmarketcap. The digital… Read More

June 3, 2024 @ 11:57 pm By Omar Faridi  |  

Robinhood Crypto customers in the United States can now use their API to view crypto market data, manage portfolios and account information, and place crypto orders programmatically. Robinhood Markets (NASDAQ: HOOD) is pleased to announce the Robinhood Crypto trading API, ushering in a new era… Read More

May 30, 2024 @ 8:36 am By Omar Faridi  |  

The board of directors of Robinhood Markets, Inc. (NASDAQ: HOOD) has authorized a $1 billion share repurchase program, “demonstrating management and the board’s confidence in Robinhood’s financial strength and future growth prospects.” Jason Warnick, Chief Financial Officer of Robinhood, said: “As our business and cash… Read More

May 23, 2024 @ 8:32 am By Omar Faridi  |  

Robinhood (NASDAQ:HOOD) is making a major shift in how we offer margin investing to better serve our customers on their financial journey. Robinhood notes in a blog post that it is pleased to launch what they claim to be “the lowest margin rates among  brokerages,… Read More

May 8, 2024 @ 5:19 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) is reporting “record” revenues of $618 million, up 40% year-over-year, and GAAP Diluted EPS of $0.18 for Q1 of 2024. The modern spin on a brokerage that incorporates crypto said net deposits stood at $11.2 billion with “positive transfers from every major incumbent brokerage… Read More

May 7, 2024 @ 12:35 pm By JD Alois  |  

Coinbase co-founder and CEO Brian Armstrong welcomed Robinhood (NASDAQ:HOOD) to the Wells Notice club. This past week, it was reported that Robinhood has received a Wells Notice from the Securities and Exchange Commission (SEC). A Wells Notice indicates that SEC staff is recommending an enforcement action by… Read More

May 6, 2024 @ 9:14 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), a new spin on a digital brokerage, has posted an 8-K indicating they are in receipt of a Wells Notice indicating an investigation by the Securities and Exchange Commission (SEC) may lead to a lawsuit by the Commission. According to the filing, Robinhood… Read More

May 1, 2024 @ 6:49 pm By Omar Faridi  |  

Users of the Uniswap mobile app can now buy crypto with a debit card, via bank transfer, or directly from their Robinhood balance using Robinhood Connect (available only for users in the United States). To mark this launch, Robinhood is reportedly “giving $10 of USDC… Read More

March 28, 2024 @ 10:40 am By Omar Faridi  |  

Robinhood (NASDAQ:HOOD) CEO Vlad Tenev has unveiled a new product and feature for the Fintech firm’s clients during a session in New York City. Robinhood notes that its New Gold Standard is yet another step forward in their company’s mission to “democratize finance for all… Read More

March 6, 2024 @ 9:24 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) says it has surpassed $10 billion in trading during the overnight trading. Robinhood defines overnight trading as Sunday-Friday from 8pm ET – 7am ET. The brokerage said that some of its busiest days much trading occurs outside of traditional market hours or around… Read More

March 3, 2024 @ 5:51 pm By Omar Faridi  |  

Robinhood (NASDAQ: HOOD) recently announced during the ETHDenver conference that its digital wallet users may now transact via Arbitrum. The latest integration is set to enable seamless access to decentralized finance (DeFi) platforms for new crypto clients by significantly reducing the complexity of L2 transfers…. Read More

February 15, 2024 @ 9:19 am By JD Alois  |  

Robinhood (NASDAQ: HOOD), an online investment platform that aims to enable a more tech-advanced group of investors, is touting its ability to trade single securities around the clock. Robinhood states that it is the only US brokerage to facilitate trading 24/5 (not quite every day… Read More

February 14, 2024 @ 10:39 am By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ: HOOD) announced financial results for the fourth quarter and full year 2023, and investors are responding positively to the news. Topping analyst expectations, currently, Robinhood is trading over 12% higher than its market close price from yesterday. The company reported total… Read More

February 10, 2024 @ 8:58 am By Tony Zerucha  |  

This week, Consensys, a blockchain and Web3 software company, and Robinhood Markets launched the integration of Robinhood Connect with MetaMask, a self-custodial Web3 wallet. Using MetaMask’s Buy Crypto feature, customers can now purchase crypto through Robinhood’s order engine. The companies said the launch is part… Read More

February 2, 2024 @ 7:41 am By Omar Faridi  |  

Robinhood (NASDAQ: HOOD) explains that it was founded on a simple idea: that their financial markets should be accessible to all. With customers at the “heart” or core of their decisions, Robinhood claims that it is lowering barriers and “providing greater access to financial information… Read More