Robinhood Markets has made its name as a place for younger investors to day trade meme stocks, crypto and options on their phones. And on Wednesday’s (Oct. 30) third quarter 2024 earnings call, the retail trading platform’s executives emphasized to investors that their main aim...
The past few weeks were marked by rallies in names domiciled outside the United States — particularly those based in Asia — which boosted the fortunes of the FinTech IPO Index a bit. But what goes up must come down. And in a dramatic reversal...
Even a surge in Asia-based firms — a continuation of rallies seen in the wake of macro stimulus packages in China — were not enough to boost the fortunes of the FinTech IPO Index. The overall group was down 6.3% through the week. As for...
Blockchain is growing into a global innovation that transcends its initial association with crypto. The auction house Christie’s, for example, recently announced that an upcoming collection of fine art photography will include blockchain-based certificates of ownership for digital provenance purposes. And from banking to payments...
October 11, 2024
The past few weeks were marked by rallies in names domiciled outside the United States — particularly those based in Asia — which boosted the fortunes of the FinTech IPO Index a bit. But what goes up must come down. And in a dramatic reversal of recent trend, Asian names plummeted across the most recent […]
October 04, 2024
Even a surge in Asia-based firms — a continuation of rallies seen in the wake of macro stimulus packages in China — were not enough to boost the fortunes of...
September 13, 2024
Economic data remained the key driving force behind stocks this past week, and the FinTech IPO Index was no exception. But despite volatile trading action throughout the group, the Index...
September 06, 2024
The just-completed shortened trading week heralds the beginning of Fall, and September’s here. September stands out as the month that will herald the first rate cut by the Federal Reserve...
October 01, 2024
Robinhood is offering cryptocurrency transfers to European customers amid regulatory pressure in the United States. The service, “one of the most requested features in the region,” allows customers to deposit and withdraw more than 20 cryptocurrencies, including bitcoin, Ethereum and USD Coin, according to a Tuesday (Oct. 1) press release. “With the launch of crypto […]
September 04, 2024
Robinhood now offers stock lending for British customers, part of the platform’s ongoing U.K. expansion. Introduced Wednesday (Sept. 4), the offering lets customers lend out any fully paid stock in their portfolio,...
August 08, 2024
Robinhood Markets reportedly submitted a response to a Securities and Exchange Commission (SEC) Wells Notice that it received in May, which warned the company of impending enforcement action related to...
July 01, 2024
Trading platform Robinhood is acquiring artificial intelligence (AI) research service Pluto Capital. The purchase, as Bloomberg News reported Monday (July 1) is designed to offer Robinhood’s users more tailored investment...
