Tagged: robinhood

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 7, 2024 @ 8:49 am By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ:HOOD) announced that it had received a Wells Notice from the US Securities and Exchange Commission (SEC) staff. As reported on May 6, 2024, Robinhood Crypto (RHC) received a Wells Noticer “indicating [staff] will recommend that the Commission file an enforcement action.”… 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

December 7, 2023 @ 8:06 am By Omar Faridi  |  

Robinhood (NASDAQ: HOOD) is launching a Crypto app, which will be offered to all eligible customers in the European Union (EU). According to a blog post by Robinhood, it is “the only custodial crypto platform where customers will get a percentage of their trading volume… Read More

December 3, 2023 @ 2:58 pm By Omar Faridi  |  

Robinhod (NASDAQ: HOOD) Chief Executive Officer Vlad Tenev recently said that he does not think that the payment for order flow (PFOF) model of market-maker routing that the firm incorporates in the United States is under any type of threat. This would be despite suggestions… Read More

November 16, 2023 @ 5:14 pm By Omar Faridi  |  

Robinhood (NASDAQ: HOOD)  is raising interest rates once again for Gold members, which is reportedly 8x higher than “the national average savings rate.” As noted in a blog post, the platform is raising the Robinhood Gold rate again – this time to 5.0% APY, their… Read More

November 7, 2023 @ 4:29 pm By JD Alois  |  

Robinhood (NASDAQ: HOOD) has posted Q3 earnings results, and the company reported net revenues of $467 million an increase of 29% when comparing the same period last year. At the same time, Robinhood booked a net loss of $85 million or an EPS of -$0.09,… Read More

October 3, 2023 @ 8:30 am By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ:HOOD) is deepening our partnership with Operation HOPE through the 1865 Project, a new initiative that supports the organization’s mission to expand economic opportunity in underserved communities through financial education and empowerment. With our support, the 1865 project will allow Operation HOPE… Read More

September 22, 2023 @ 9:06 am By Omar Faridi  |  

Robinhood (NASDAQ:HOOD) announced the results of a study—”verified” by Radius Insights—showing that Robinhood reportedly offers the “lowest cost” to trade crypto on average. The analysis compares prices quoted from various platforms and exchanges, “including Cash App, Coinbase Advanced, Coinbase, Crypto.com, and Kraken, concluding that customers… Read More

September 19, 2023 @ 3:35 pm By Omar Faridi  |  

Robinhood (NASDAQ:HOOD) is pleased to announce that Matt Billings is joining the team as VP and President of Robinhood Financial LLC and Robinhood Securities, LLC effective as of – September 18, 2023. In this role, Matt will focus on furthering the firm’s commitment “to putting safety… Read More

August 31, 2023 @ 11:40 am By Omar Faridi  |  

Robinhood (NASDAQ:HOOD),  Jump Trading are no longer working cooperatively on crypto-related initiatives. Robinhood’s entry into the nascent crypto and blockchain sector a few years back had been supported by Jump Trading, a large firm focused on traditional financial services/markets. Robinhood Markets, the retail broker whose… Read More