Robinhood Markets is set to acquire cryptocurrency exchange Bitstamp for $200 million. “Acquiring a global exchange will significantly accelerate Robinhood Crypto’s expansion worldwide,” the company said in a news release Thursday (June 6). “Bitstamp holds over 50 active licenses and registrations globally and will bring in customers across the EU,...
Robinhood Markets just notched its first profitable quarter since the platform went public in July 2021. But shares of the company, which was at the center of 2021’s retail trading frenzy, have been trading down around 5% after hours on other news in the financial...
Robinhood Markets says its customers are switching to high-yield deposits amid recent banking sector turmoil. Speaking Friday (June 2) at the Bernstein Strategic Decisions Conference, Robinhood CEO Vlad Tenev said total deposits into the company’s Gold Sweep program had surpassed $10 billion, “so it’s kind...
Attorneys for the online trading platform Robinhood Markets say they’ve come to an agreement in principle that resolves a lawsuit by investors who say they were blocked from trading during an outage in March 2020. “Once final details are resolved, and within 60 days of...
September 27, 2024
Robinhood Markets and Revolut were reportedly noncommittal when asked about a media report that they are considering launching stablecoins. When asked about the report by Bloomberg, a Robinhood spokesperson said the company has “no imminent plans to launch this offering,” while a Revolut spokesperson said the company plans to “further grow” its suite of crypto […]
June 06, 2024
Robinhood Markets is set to acquire cryptocurrency exchange Bitstamp for $200 million. “Acquiring a global exchange will significantly accelerate Robinhood Crypto’s expansion worldwide,” the company said in a news release Thursday (June 6). “Bitstamp holds...
June 04, 2023
Robinhood Markets says its customers are switching to high-yield deposits amid recent banking sector turmoil. Speaking Friday (June 2) at the Bernstein Strategic Decisions Conference, Robinhood CEO Vlad Tenev said...
May 27, 2022
Attorneys for the online trading platform Robinhood Markets say they’ve come to an agreement in principle that resolves a lawsuit by investors who say they were blocked from trading during...
