44-Day Bitcoin Drain: Coinbase and Binance Shed 76,179 BTC in Less Than 2 Months
Recent figures show that over a span of 44 consecutive days, 76,179 bitcoins, worth $5.41 billion, have been moved out of Coinbase and Binance, the two leading cryptocurrency exchange and custodial firms by reserve size and total trade volume. Robinhood Bucks Trend With Bitcoin Inflows as Coinbase and Binance Face Outflows A significant volume of […]
Robinhood accumulated $3B in Bitcoin in 3 months — What does this mean for markets?
Robinhood’s Bitcoin holdings could reshape the crypto landscape by supercharging the influence of retail investors and possibly creating new market risks. This post was originally published on this site
Robinhood reports an 18% sequential decline in its second-quarter crypto trading revenue
Robinhood Markets reported its Q2 financial results on Wednesday. Mizuho analyst Dan Dolev sees upside in “HOOD” to $14 per share. Robinhood stock lost roughly 8.0% in after-hours trading today. Robinhood Markets Inc says it swung to a profit in its fiscal second quarter. Shares still lost about 8.0% in after-hours trading. A quick overview […]
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.This post was originally published on this site
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.This post was originally published on this site
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.This post was originally published on this site
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. This post was originally published on this site
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.This post was originally published on this site
Robinhood to allow customers buy crypto directly from within dApps and wallets
Robinhood has announced Robinhood Connect, a new feature that offers seamless crypto integration for dApps and wallets. Self-custody wallet Giddy is among the first mobile wallets to integrate the new on-ramp feature. Customers can directly and instantly buy or transfer crypto from within the dApps and also fund their Web3 wallets. Robinhood, a leading online […]
US state regulators announce $10M settlement with Robinhood ‘for failing investors’
The investigation looked into complaints of Robinhood’s system outages, causing users to miss out on trades while many of the platform’s services were unavailable.This post was originally published on this site